Eclipse Networks, which closed its doors last month, could still be saved as the liquidators start assessing which contracts are still viable.
The company was placed into judicial management on 19 March, after management decided it could not honour creditor debts, believed to be at least R50 million. Shortly before the Easter break, the company's doors were closed - leaving almost 300 people without a March salary and no indication of what would happen next.
Last week, Eclipse's largest creditor applied to the courts for the company to be placed into provisional liquidation. MB Technologies approached the courts on behalf of its operating entity, Tarsus, because the company's insurer wanted a measure of protection to cover losses.
Deon Botha, a liquidator with Corporate Liquidators, says the team of liquidators is continuing with certain contracts and aims to re-employ Eclipse staffers who were working on these deals.
He explains that the team needs to make sure the contracts are still in place, and that staff working on the projects have not moved on into new jobs. Botha adds that this process will start this morning, and is expected to take a week to complete.
In the meantime, however, a possible white knight is still in the wings. The interested party - which does not want to be named - was expected to put an offer on the table yesterday evening.
However, this has been delayed to this afternoon, pending clarity on what contracts and staff can be salvaged, says Botha.
Eclipse started trading in 1981, and had 13 outlets across SA when it went under administration. It called itself an IT reseller, and ICT solutions and services provider. Its offerings spanned infrastructure, data centre solutions, outsourcing and related services.
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