IT Brief Australia - Technology news for CIOs & IT decision-makers

Liquidation stories

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Click Frenzy & Power Retail enter liquidation

This month
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digital transformation
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e-commerce
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marketing
Receivers take control of Click Frenzy and Power Retail as both businesses keep trading while options are reviewed under liquidation.
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Explainer: The spectacular collapse of Apple's Buzzle stores

Thu, 23rd Oct 2025
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apple
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stock exchange
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apple store
Buzzle, formed as Apple's largest Australian reseller in 2000, collapsed within six months amid the dot‑com bust, sparking a precedent‑setting legal battle with Apple.
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DTCC unveils digital collateral management platform

Mon, 7th Apr 2025
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blockchain
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convergence
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digitisation
The Depository Trust has unveiled a digital collateral management platform, set for live demonstration on 23 April, to enhance institutional DeFi operations.
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Renowned insolvency expert Michael Makridakis joins Taylor David

Mon, 16th Sep 2024
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liquidation
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financial services
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law firms
Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.
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The imminent failure of WhiteLabel NZ, liquidation next?

Thu, 1st Dec 2022
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crowdfunding
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pledgeme
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distributors
Outsourced sales & marketing company, WhiteLabel NZ, faces financial troubles as staff leave & funds are owed. #BusinessNews #WhiteLabelNZ.
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NFT trends and opportunities: expert reveals all

Fri, 13th May 2022
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crypto
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blockchain
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ar, vr & metaverse
The NFT market is growing at an exponential rate, with unprecedented liquidity. Here we explore how businesses can profit.
Court

Hills and Milestone Systems to trade punches in court

Fri, 16th Feb 2018
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saas
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martech
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digital entertainment
Hills Limited slams Milestone Systems' request to have it wound up, calling it an abuse of power, as both companies prepare for a court battle this month.
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Dick Smith creditors vote for liquidation of failed company

Tue, 26th Jul 2016
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apple
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synnex
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acer
Dick Smith Holdings creditors have voted to place the failed business into liquidation in a last ditch effort to recoup some of their lost money.
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Mako: Spark owed $26.9m, little chance of funds for unsecured creditors

Wed, 25th Nov 2015
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physical security
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ird
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mako networks
Spark NZ was owed $26.9 million when Mako Networks went into receivership, with little chance of unsecured creditors recouping their funds.
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Mako Networks sold to US provider

Wed, 7th Oct 2015
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physical security
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risk & compliance
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mako networks
United States telecommunications service provider D&S Communications has acquired the assets of Mako Networks from the company's receivers.
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Mako Networks debts top $30 million; $25m deficit expected

Wed, 9th Sep 2015
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physical security
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email security
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mako networks
​Failed network management company Mako Networks has liabilities of more than $30 million, with an estimated deficit of $25m expected.
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Spark calls in receivers for Mako Networks

Tue, 25th Aug 2015
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physical security
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mako networks
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intellectual property
Mako Networks in liquidation, Spark steps in as secured creditor to appoint receivers, thwarting the tech firm's financial tailspin.
Maclean

Maclean Computing 'frustrated' by conspiracy theories

Wed, 1st Aug 2012
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management
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customers
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maclean computing
Maclean Computing has expressed frustration over conspiracy theories following a rapid asset purchase post-liquidation, branding them as unfair criticisms.