Post Script Post Script: Pinpointing a new name for Altada, Press Up mess up, bussing it for BidenThe Business Post takes a look at the scenes behind the stories
Tech Altada loan lenders told company could be ‘comfortably’ sold for $160m New High Court affidavit claims lenders told sale of company was imminent and would be managed by JP Morgan
Tech Altada liquidator alleges private investors urged company to ‘burn’ creditors owed €10mThe directors of the Cork-based tech firm were allegedly told to set up a new phoenix-type entity called ‘Altada 2’ and ‘shake-off’ unsecured creditors owed millions
Funding Enterprise Ireland writes off €47m in investments over last five yearsState agency has written off investments in nearly 260 companies since 2018
Legal Creditor claims Altada liquidator queried loan to distract from his own misstepAlan Bruce, one of four lenders of €500k to the troubled tech firm, alleges accountant John Healy’s actions led to cut-price sale of assets
Tech Altada made €27k payments to staff at private school in CorkPayments from tech company to 16 individuals associated with Rockboro primary school came at a time when the firm was experiencing severe financial problems and laying off staff
Tech Altada liquidator has ‘significant concerns’ around €500k loan John Healy’s affidavit claims a secret ‘board meeting’ was held at the AI company to discuss a €500k emergency loan, which shareholders weren’t told about for two months
Tech Altada directors alleged to have ‘perpetrated fraud’ over €500k loan In an affidavit lodged with the High Court, liquidator John Healy of Kirby Healy outlines “significant concerns” around the emergency loan and charge against the assets of the troubled tech company last September
Tech Corporate Enforcement Authority opens investigation into tech firm AltadaThe Business Post has learned that a search warrant was executed on a premises last week on behalf of the state’s corporate watchdog
Companies Cometgaze buys Altada out of receivership in €2.5m dealThe Cork-based tech company was put up for sale in November last year after it ran into significant financial difficulty and owed almost €10 million to creditors
Tech New twist in Altada sale as lower bid is accepted A rival bid worth an estimated €1 million more appears not to have succeeded
Tech Staff revolt fails to put off Altada buyerPotential buyer of troubled tech firm says deal will go through regardless of whether current workers quit
Tech How Altada burned through €11.5m funding to leave it like ‘a melting ice cube’The Business Post last year revealed a culture within the Cork-based tech firm of heavy spending on events including expensive hotel stays. The insolvent firm has now been sold for €4 million, having been talked about as a potential €1 billion valued unicorn just a year ago
Tech Exclusive: Altada to be sold to founding investor in unexpected turn of eventsDatech, which is led by Jeffrey Leo, is expected to succeed in its bid to acquire the tech firm ahead of a rival offer
Evening Headlines Altada receiver agrees sale to entrepreneur despite higher offer; Rise in surplus office spaceThe stories you need to read this evening in business, politics and current affairs
Tech Altada receiver agrees sale to Irish entrepreneur despite higher offer from rival bidderEoin Goulding, who founded cybersecurity company Integrity360, has agreement with receiver to buy the troubled tech firm, the High Court has heard
Tech Exclusive: Altada’s accounts show it lost €7m in the ten months before receivership Unaudited accounts seen by the Business Post show the financial situation in the Cork-based tech firm that was touted as a unicorn before it entered difficulties
Tech Former investor who lost $1m comes back to bid for Altada JKO Capital, a vehicle led by former Formula One boss Eddie Jordan and Keith O’Loughlin, is also seeking to buy firm from receivership
Tech Former investor files petition to liquidate Altada as deadline for new buyers nearsThe Cork-based AI firm which was once touted a billion-euro start-up was placed in receivership in November after it ran into financial difficulties
Today's headlines Reliance on FDI ‘exposes Ireland to risk of job loss’; Donnelly says Health Tapes in public interestThe top stories from business and politics in today’s Business Post