Wynyard failure may halt lucrative relationship for Jade Software

Wed, 26 Oct 2016

By Paul McBeth Oct. 26 (BusinessDesk) - The collapse of Wynyard Group is likely to slash returns for former parent Jade Software, which had about six-and-a-half years left to run on a lucrative 10-year services contract with the intelligence software developer. Christchurch-based Jade said it will cooperate fully with Wynyard and its voluntary administrators to the extent that it can but wouldn't comment on its former subsidiary's current situation. Jade spun out Wynyard as a standalone business in early 2013, just nine months after...

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