Wynyard’s inability to make money points to deep-seated problem _ stuff. co. nz data recovery recuva _ data recovery

The predictable scapegoat appears to be corporate governance, but NZ Tech chief executive Graeme Muller points out Wynyard had a complex product and was working in a complex market with long sales cycles.

In part, the truth may be even simpler. Data recovery android free Data recovery rates Wynyard seemed to be operating in an intriguing and growing part of the information technology market selling database, case management and analytical tools to law enforcement agencies and large corporations.

But it has been less clear that Wynyard’s products or its intellectual property are that compelling from a technological or money-making perspective.


Rather, the underlying technologies Wynyard sells appear commonplace and the customisation Wynyard has to do to adapt them – first to its target sector and then individually, to cater to any of the specific needs of its large clients – is arguably a bit workaday.

“I invested in Wyn for many of the wrong reasons, including wanting to diversify my portfolio away from a couple of high conviction stocks that had soared and by believing some of the hype around their market releases,” he said.

Wynyard chief executive Craig Richardson said in 2014 “you don’t want to tell the criminal environment what tools you’ve got and how you’re applying them”.

If Wynyard was actually doing little more than customising some pretty generic case management and reporting software for large foreign organisations, it explains why it struggled.

Software businesses that do that are always going to be operating in competition with their customers’ own in-house IT resource and with outsourcing companies in India.

Instead, the core parts of the business derived from Jade Software, and Jade acquisition Methodware, two companies that date back to 1978 and 1993 respectively.

Whatever becomes of the company itself, its employees and any valuable intellectual property it did have will no doubt be quickly assimilated into other ventures.

A report published by the New Zealand Venture Investment Fund and the country’s angel investment association on Tuesday showed there is a steady appetite for investment in young ventures, with angel investment up 17 per cent in the first half of the year compared to the same period in 2015.

That report came on the heels of last week’s Technology Investment Network report which showed the revenues of the country’s 100 largest and 100 fast-growing high-tech firms – very broadly defined – up 12 per cent at $9.4b.

Tech companies that listed on the NZX about the same time as Wynyard can expect to suffer some fallout from Wynyard’s demise, rising and falling as they do on the same tide of shifting investor sentiment.

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