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02/27/12

Update: Zenith Infotech vs. Bondholder Court Case

Bondholders have asked the Bombay High Court to liquidate Zenith Infotech in a bid to recover money from the company, according to Business Standard India. But here’s a key point MSPs also need to keep in mind: The detailed article, published hours ago, pointed out that Zenith Infotech still has deep pockets and can afford to repay the bond holders. However, Zenith Infotech and the bondholders have so far failed to reach an agreement on the debt repayment terms.

02/9/12

Zenith Infotech Preps BDR, SmartStyle Cloud Enhancements

Zenith Infotech is preparing upgrades and enhancements to assist managed services providers (MSPs) with BDR (backup and disaster recovery) storage, private cloud computing and small business video conferencing/telepresence services. The enhancements surface while Zenith Infotech continues to negotiate its debt agreements with bondholders.

12/1/11

Use Business Recovery as a Gateway to Cloud Storage

IT service providers that have been selling cloud-based business continuity solutions surely have noticed data backup and recovery is one of the most popular cloud-based offerings with end users. In fact, according to a recent study by CompTIA, storage and backup solutions are the most popular cloud applications, with 71 percent of small and midsize businesses (SMB) currently using the technology. The data points don’t end there.

11/15/11

Zenith Infotech: Update on Bond Default Case

The legal case between Zenith Infotech and bond holders is expected to resume the week of November 21, according to the Times of India. In the meantime, Zenith Infotech apparently has promised the High Court that it will not sell or spin off its cloud computing business. That statement is not to be confused with Zenith Infotech’s recent spin-off of Zenith RMM. Here’s why.

10/27/11

How Zenith Infotech Should Address the Elephant In the Room

Give Zenith Infotech credit. The company remains on the road at trade shows and conferences across North America, even as Zenith Infotech tries to navigate a recent debt default. But here’s the glaring problem: During a keynote session at today’s ASCII conference in New Jersey, Zenith Infotech launched into a cloud computing educational session but failed to address the elephant in the room: The company’s financial viability amid the bond default. Here’s how Zenith Infotech has to adjust its public messaging going forward, especially ahead of the larger IT Nation conference in November 2011.

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