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

Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Kiwibank won't bring banking Revolut-ion
Finance

Kiwibank won't bring banking Revolut-ion

Forget Kiwibank. Revolut is the force big banks will have to reckon with, expert says.

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Ben Moore 12 Dec 2024
Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

Pattrick Smellie 12 Dec 2024