Cognotec goes into receivership

Cognotec, the Irish-based technology provider, has gone into receivership following an application by Barclays last Friday. The software house is known to have been suffering cash-flow problems for some time. KPMG has been appointed receiver. It said it hoped to sell the business as a going concern.

Cognotec, the Irish-based technology provider, has gone into receivership following an application by Barclays last Friday. The software house is known to have been suffering cash-flow problems for some time. KPMG has been appointed receiver. It said it hoped to sell the business as a going concern.

First Derivatives to pick up fallen Cognotec

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