Jobs saved at data hosting firm

AROUND 20 jobs have been saved at hosting firm Alphadex after it was bought out of administration.

Administrators at Cowgill Holloway sold the firm to newly incorporated iRack for an undisclosed sum.

Its chief technology officer is Matthew Smith who owned Salford-based Alphadex.

Cowgill Holloway said Alphadex was hit by a “cyber attack” during the winter and lost a major client. It operates hosting facilities in Salford, London and Bradford.

Jason Elliott, a partner at Cowgill Holloway, said: “Alphadex is a fundamentally sound business with an excellent product range, but a recent sustained cyber attack on the company servers and issues ultimately beyond its control meant a number of key customers were unfortunately lost, hitting the company disproportionately hard.
 
“After a short period of marketing we were able to generate several expressions of interest and three firm offers which ultimately resulted in a successful sale of the business. Due to the sector in which it operates continuity of service is of paramount importance and by ensuring that there was no disruption during the marketing period we were able to maintain goodwill and preserve the value to any prospective purchasers. We were particularly pleased that we were able to save all 21 jobs.”

iRack was advised by Shoosmiths’ Manchester team.