Tech company Protempo put into receivership

Tech company Protempo put into receivership
The US offices of Protempo. (Image: Protempo)
Riley Kennedy
Receivers of New Zealand tech company Protempo Limited, which provides services to protect brands from being ripped off, are looking to sell the company’s intellectual property.Last week, at the company’s request, ASB Bank appointed Conor McElhinney and Kare Johnstone of advisory and restructuring firm McGrathNicol.It comes after the Bank of California appointed receivers to its United States subsidiary, Protempo US, on Jan 23. Protempo – what is it?Founded in 2006, Protempo, which has previously been a Deloitte Fast 50 c...

More Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024
FNZ settles dispute with US executives
Finance

FNZ settles dispute with US executives

Adam Green and Steve Gross resigned on the same day late last year. 

Victoria Young 22 Apr 2024
Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA
Finance

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA

Repeat offender Equitise facilitated two deals after it was deregistered last year.

Jem Traylen 17 Apr 2024
Central banks slowly winning war on inflation
Finance

Central banks slowly winning war on inflation

But policymakers remain wary of rising prices. 

Bloomberg 16 Apr 2024