Edinburgh-based video tech company Ajenta threatened with liquidation

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Eight people have been made redundant following video company Ajenta’s decision to call in liquidators.

This despite the company seeing record transactions in recent months – the impact of pandemic restrictions on the supply of the company’s equipment to customers has had too much of an impact on cash flow.

Ajenta acquired the Vscene platform in 2018 from the educational charity JISC. Since then, its developers and engineers have further adapted the service to provide secure video collaboration to more than 10,000 education, research and public sector customers worldwide.

The liquidation means eight employees have been made redundant, with a small team retained to provide the Vscene service to existing customers while liquidator Henderson Loggie explores prospects for selling the business and assets.

Ajenta Founder and Director John Wilson said: “Like many businesses, we have experienced a detrimental decline in business activity during the pandemic which has resulted in a growing cash shortfall.

“Vscene provides immersive virtual classroom technology that provides flexible and equitable access for remote students in physical classrooms. We are now seeing a surge in demand for our services as educational institutions continue to develop hybrid teaching and learning models.

“Unfortunately, this increase in sales has not been sufficient to fill the financial void created during the lockdown. We were confident that additional investment could be secured until recently and as soon as it was established that this was not not possible, we have taken steps to seek advice from an insolvency practitioner.


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“I regret that we were unable to continue negotiating, but our customers will see no change to their existing service as we already have some interest from potential buyers of the business.”
Shona Campbell, recovery and insolvency partner at Henderson Loggiesaid: “Ajenta has recurring revenue from the Vscene service, a strong order backlog and a pipeline of potential future orders, so we expect a quick and satisfying sale.

“In the meantime, we will ensure staff receive full redundancy rights and work with the remaining team to maintain a high level of service for existing customers.”


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