
"Judge Worster found that the NAO contract "could not readily be fulfilled... without undue or unusual expenditure of money or effort." Assassa herself had privately described it as a "bugger of a contract" - a phrase the judge said was "not a bad approximation of the sort of contract this warranty was concerned with.""
"The court also found the Aquila contract had been terminated shortly before the sale, but that this was not disclosed. Aquila's exit letter called the project "beyond recovery" and cited "vastly inferior documentation and deliverables, large gaps in Tisski's governance and quality controls, and lack of a documented management system.""
"Let's be careful what we put on Teams just fyi (I know you are) as potentially one day someone else will own this history... hopefully"
Node4 was awarded £2.4 million after the High Court found that Tisski's founder Anna Assassa and other shareholders breached warranties in the 2022 sale. The £45 million acquisition left Node4 with failing public-sector projects that were losing money, demoralizing staff and described internally as beyond recovery. Atten Bidco was found to have been misled about contracts with the National Audit Office, Aquila Air Traffic Management and the Ministry of Defence. The court allocated £2 million for the doomed NAO contract, found the Aquila contract had been terminated and undisclosed, and cited serious governance and documentation failings.
Read at Theregister
Unable to calculate read time
Collection
[
|
...
]