Management Buy-Out Secures Studywiz
A management buy-out has ensured that Studywiz will continue to service and support its global client base and ensure the ongoing growth and development of the world-leading learning platform.
A new company called Studywiz and Studywiz UK has been created ensuring there will be a smooth transition from the old Etech Group.
The existing structure of the former parent company Etech Group became a victim of very rapid growth compounded by the global financial crisis and great fluctuations in global currency markets.
“I’m delighted to announce the strength and success of the Studywiz platform has been secured. The new management buy-out company has secured the customer base, the Studywiz Intellectual Property, along with it’s original development team and the core support team; securing an ongoing presence at a Global headquarters in Tasmania,’’ said Studywiz’s Founder Geoff Elwood.
“We know that we’ve got a lot of hard work to do, but the new company’s top priority is to service its customer base,’’ he said.
Studywiz will continue to maintain offices in Hobart, Melbourne and the UK.
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