EForce to sell software, names

The software that ran eForce's community portal and the database of names behind it are up for sale as part of the group's receivership, its receivers say.

The software that ran eForce’s community portal and the database of names behind it are up for sale as part of the group’s receivership, its receivers say.

PricewaterhouseCoopers receiver Richard Agnew says there is already some interest in the two systems which, as non-trading assets, are under no pressure to be sold.

But eForce subsidiary Product Sourcing International (PSI), an 11-year-old company that sources and imports products and has developed proprietary supply chain software, is trading and could be sold soon, he says.

Agnew and his partner David Davidson have been seeking expressions of interest for PSI while they continue to sort out other issues, and have had a number of responses.

PSI was bought by eForce Group last year. Its founder, Bill Farmer, who became chief executive of eForce Group, has resigned after earlier indicating he was considering bidding for some assets.

EForce and three of its 12 or so subsidiaries are affected by the receivership — PSI, Paynter Timber and Dewford Holdings.

EForce launched its online buying portal in February last year, which aimed to aggregate consumer buying power for discounts, and reportedly has thousands of members.

Another e-tailer, US auction house eBay, recently modified its privacy policy to make clear it could sell its users’ information if eBay is acquired or merges with another business.

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