Tag: Adata

Entatech creditors will get two-thirds of what they are owed

creditcrunchcoinsmoneyvicewatersmay2014-580x358Unsecured creditors of distributor Entatech are set to receive around two-thirds of their money back.

According to documents published by Companies House, the administrators show that Entatech’s unsecured creditors are owed just over £9.7 million by the Telford-based outfit, and there is £6.3 million to pay them off.

Of the £9.7 million, £7 million is owed to unsecured trade creditors. This figure includes Microsoft which is owed just over £1.2 million.

The taxman is owed £2.5 million and Gigabyte is owed around £822,000 while Fujitsu is owed £668,000.

For those who came in late, Entatech went out of business in May after struggling with legacy financial problems originating under the previous ownership. Its assets were purchased by managing director Dave Stevinson who formed new brand GNR Technology Limited. GNR stands for ‘Greatest Net Return’.

GNR cut the number of vendors it carries from over 70 to around 25 to have a narrower and specialist focus. It has secured deals with Gigabyte, Adata, Hannspree, iStorage and Intel.

Adata and Etna Technology sign agreement

Craig-Connell-and-Jon-AthertonAdata has signed on the dotted line with distie Etna Technology.

Under the new agreement, which comes into effect as Computex takes place over in Taiwan, the pair will work together to push Adata’s memory products.

Jon Atherton, Commercial Vice President for Enta, said it was looking forward to working with Adata which was “a great brand with an exciting roadmap”.

Craig Connell, head of regional sales for ADATA, said Enta was “exactly the kind of distributor” the company had been looking for.

Asked about the most immediate benefits, Connell said the launch of Intel’s 4th Generation Core Processor family would see a strong surge in demand for very fast memory products, such as the new 2,800MHz DDR3 modules that the company had just launched.

He said Enta had a strong reputation among the kind of stores that would be selling Z87 boards and the company want to make sure that as many as possible came supplied with ADATA DDR3”.

According to analyst house iSuppli, ADATA became the world’s second largest supplier for DDR memory modules in 2010.