Ten prospective buyers for StrongRoom AI despite dire finances

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The near insolvent pharmaceutical start-up has made 23 of its 45 staff redundant after requests from interested parties to reduce its costs, administrators say.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Ten prospective investors are vying for StrongRoom AI despite the collapsed pharmaceutical software start-up’s complicated legal battle with its biggest investor and allegations its founders manipulated its finances. HLB Man Judd was appointed administrator over StrongRoom last week and confirmed the interest in acquiring all or part of the company at a meeting of creditors on Tuesday morning.

The company has laid off more than half of its workforce on Monday in an attempt to reduce the amount of money it was losing to make it more attractive to potential buyers. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.



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