Canberra cloud provider 4Data has gone bust for the second time in as many years after its director was ordered to pay $3.5 million to the Australian Taxation Office.
The previous incarnation of Digital Digest Data Design (4Data) traded for 21 years before entering administration in May 2015, and was subsequently liquidated. The company pinned the collapse on the loss of key government contracts and a high staff turnover in the lead up to its administration.
In particular, 4Data blamed the decline of the previous business on a contract with the Department of Defence that accounted for a significant portion of the company’s revenue and was not renewed.
Some of 4Data’s assets were purchased by director And…
Read the full article at: https://www.crn.com.au/news/government-cloud-provider-4data-goes-bust-for-the-second-time-after-35-million-bill-to-ato-476007
