2e2 in administration

2e2, an IT services provider, has gone into administration after it failed to sell the Newbury-based IT services group.

Joint administrator Simon Granger from FTI Consulting said: “Despite a significant number of initial expressions of interest in the UK business, we were unable to conclude a transaction which preserved the business as a going concern.

Regrettably, this failure to conclude a sale coupled with a significant future funding requirement has resulted in large parts of the UK business being closed.”*

Acora has expressed its concern for 2e2 customers and suggests they look for alternative providers who can offer minimal business disruption.

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