Tech

Altada made €27k payments to staff at private school in Cork

Payments 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

Rockboro Primary School in Ballintemple, Cork: Altada payments to Rockboro staff came at a time when Altada was ‘heavily loss-making and insolvent’, according to the High Court affidavit filed by the liquidator. Picture: John Allen

Altada, the tech company that was recently acquired out of receivership, made a series of payments last year to staff at a private Cork school, the Business Post has learned.

The payments from the company’s account to the school, which is a registered charity, came at a time when Altada was making some of its own staff redundant due to financing problems at the tech firm.

Bank statements for Altada Technology Solutions Ltd from August ...