Case Study: Why Dataqube Filed for Insolvency
There have been a record number of insolvencies and liquidations recorded in the past few years. Simply put, this is one of the toughest periods for modern businesses as political uncertainty, cost of living and inflation all contribute towards multiple organisations not being able to cope in the current climate. One of the most recent victims of the current economic landscape is DataQube, who only recently made the decision to nominate liquidators and also potentially appoint a liquidation committee. In this Blog, we will talk about DataQube Insolvency.
Who Are DataQube?
Let’s start by discussing who DataQube are. On their website, they describe their services as being “sustainable edge data centre solutions that are future ready.” They acted as a disruption to the current technological landscape and established themselves as a company that could bring forward change in the data centre and colocation landscapes. It was founded back in 2020 and operated with a range of experts in current and future communications such as 5G, 6G, satellite and MM Wave. DataQube developed a cutting-edge data centre product in order to meet the demands that will be brought forward once technological developments impact data analysis, transport and storage methods.
The product options available at DataQube were used to work in a variety of different locations and industries. As such, they were hoping to be adopted by various businesses and become a big name in tech as a result. This did occur as the company started doing relatively well; however, it didn’t last.
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