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25 Apr 2024 12:06
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      Home > News > National

    A Christchurch software company in dire straits has been picked up by a US turnaround giant

    A Christchurch software company in dire straits has been picked up by a US turnaround giant


    SLI Systems was listed in the New Zealand stock market in 2013, and sells search tools for e-commerce websites.

    A string of disappointing results saw the company's value slump the following year.

    SLI says it received a Takeover Notice from Texas-based ESW Holdings, which valued the company at 40 million dollars.

    ESW bills itself as a turnaround specialist - buying and strengthening ailing software companies.

    © 2024 Newstalk ZB, NZCity

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