New figures available from the UK regulator, Companies House, show that BuildOnline UK, the UK-based construction collaboration vendor that is now part of CTSpace, waived a substantial debt prior to its 2006 merger with Citadon. It appears BuildOnline also substantially overstated its revenues for four years. However, the business was still operating at a loss …
Tag: Collaboration Technology Inc
Permanent link to this article: http://extranetevolution.com/2008/11/buildonline-uk-revises-past-performance/
Mar 07 2008
CTSpace sold for just £6.5m
Further to Tuesday’s post about the former BuildOnline construction collaboration technology business, I have been piecing together more of the corporate changes leading up to Sword Group‘s acquisition of CTSpace. In the process, I have found a reference to the amount paid by Sword to acquire CTSpace in December 2007 – which, in view of the …
Permanent link to this article: http://extranetevolution.com/2008/03/ctspace-sold-fo/