Nationwide IT product and services supplier Lightedge Technologies has been placed in provisional liquidation by the Cape High Court.
The industry has heard the news with concern, bracing itself for more shocks in the weeks to come as consolidation heats up in the local IT channel.
David Musikanth, marketing director of Cape Town-based Lightedge, comments: "We're working through the legal process to ensure that we can retain as much of the value of our business as possible, and protect the interests of our staff and customers to the best of our ability."
Lightedge is an Intel Premier Member and a Microsoft Gold Certified Partner. In December, the company won the Intel Enterprise Reseller Recognition Award for 2007. It also has reseller agreements with Stratus, Fujitsu Siemens and Sony for the Vaio notebook.
The company also markets its own line of computers, including a standard PC, a corporate workstation, a high-performance PC and an Intel-based server.
Musikanth adds: "Over the past decade we've built up an enormous amount of experience and some very valuable knowledge, and our people still carry it with them. We hope to find a new way to make use of this."
In December, Lightedge signed a BEE deal whereby the Red Magic consortium was to buy 40% of the company. It's not clear whether that deal has gone through yet, or what the implications of it will be.
Other industry players fear that the news about Lightedge's liquidation could herald a new round of consolidation in the IT channel.