QED receiver expecting written offers

QED receiver Graeme McDonald says there is "definite interest" from potential buyers in acquiring the 19-year-old Auckland software company, which was put into receivership in January after debentures owed to key investors went unpaid.

QED receiver Graeme McDonald says a there is “definite interest” from potential buyers in acquiring the 19-year-old Auckland software company, which was put into receivership in January after debentures owed to key investors went unpaid.

McDonald was preparing a profile of the company for posting on his firm’s website when Computerworld spoke to him last week. He was expecting written offers this week and says “we’ll take it from there”. Since the receivership took effect the company continues to operate, though one staff member has left. McDonald is the legal owner and employer of staff until a buyer is found.

QED, founded in 1983 and one of New Zealand’s longer established software companies, tried breaking into the US and hosted software markets last year with Hercules, a transport industry logistics package. It has also developed software for the meat and hospitality industries.

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