Software developer, Bill Express Limited (ASX: BXP), today announced its recapitulation agreement, which was to see the company undergo a drastic re-structuring, has fallen through.
BXP had received an offer from a subsidiary of the Al Othman Group which would have resulted in an injection of new bank guarantees for BXP as well as a restructuring of company liabilities. The board and management of the company were also to undergo substantial changes.
But the subsidiary has withdrawn its proposal, leaving Bill Express management in urgent discussions considering their options.
The company expects to make an announcement regarding the results of these discussions later today.
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Revolutionising Back-up and Recovery
Rapid adoption of virtual server technology, and the challenges associated with the backup and recovery of ever-growing stores of information is causing a number of IT managers to reevaluate their data protection strategies. New backup and recovery methods which use data de-duplication technology to reduce capacity and network bandwidth requirements are being deployed to keep up with explosive data growth, shrinking backup windows, compliance initiatives and security concerns. Read on to find out more.











