New Zealand IT trainer avoids Australian fallout

26.01.2006
The New Zealand arm of IT training provider Computer Power has been put on the market along with its Australian counterpart, despite not being affected by the woes facing Computer Power Australia.

Earlier this month Singapore-based EasyCall, owners of Computer Power, called in administrators and suspended courses following financial difficulties in Australia.

A note on the website of administrators Ferrier Hodgson says "The New Zealand operations are not affected by the Australian administration and are operating business as usual." Nonetheless, Computer Power New Zealand has been put up for sale.

Ferrier Hodgson placed advertisements in the New Zealand media earlier this month calling for expressions of interest in buying Computer Power and Ferrier Hodgson Australia partner James Stewart says there has been healthy interest in both the New Zealand and Australian operations.

He says Computer Power New Zealand escaped the financial difficulties facing Computer Power Australia because the situation here is "significantly different."

The New Zealand operation has "a much lower overhead structure," he says.