Computer Power sold to Australian company

Training institute Computer Power New Zealand has been sold to Australian education services provider Didasko, which has also bought Computer Power Australia.

However, the sole reason for buying the now-defunct Computer Power Australia was to retain some back end functions that Computer Power Australia had been providing to Computer Power New Zealand, Didasko managing director Andrew Horton says.

"It was important to pick them up to ensure the continuity of the New Zealand business."

Didasko was announced earlier this month as the buyer of the New Zealand and Australian Computer Power businesses, which were put up for sale in January by former owner EasyCall after the Australian operation ran into financial trouble.

At the time, James Stewart, a partner at firm Ferrier Hodgson which handled the sale, told Computerworld the New Zealand branch escaped the woes facing its Australian counterpart due to several factors including "a much lower overhead structure".

After Didasko picked up the back end assets from Computer Power Australia, the Australian operation was shut down and its 1200 students transferred to other training institutes.

Horton says Computer Power New Zealand is "a good business" and that Didasko had been looking for a way to expand into New Zealand.

"This gives us an opportunity to do that."

Didasko provides vocational training to Australian organizations in the form of multimedia and e-learning products covering the retail, hospitality, telco, office administration and asset maintenance sectors. It also provides education-related ICT support services and is a registered private TAFE (Technical and Further Education) provider in Australia.

The company had been looking at expanding into IT training, Horton says.

He says there will be no redundancies among Computer Power NZ's 28 staff and that for the next 3-6 months "we will be observing -- we're not looking to restructure".

He wouldn't discuss the financial terms of the purchase, citing confidentiality agreements.

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