A telecommunications distributor that has been operating for just over 15 years has collapsed into liquidation.
PCRange was established in 2000 and is based out of Adelaide.
Founder Raaj Menon originally ran the business out of his home, but took out a lease and hired employees after the routers he imported from Taiwan snapped up significant media attention.
PCRange later expanded into anti-virus software and mobile accessories and in an interview in mid-2015, Menon told SmartCompany the business was turning over approximately $10 million annually.
Tarquin Koch from Matthews & Associates was appointed liquidator of the company on January 8.
The appointment also includes a number of subsidiaries, including SipTalk and PADACS.
Menon told CRN the appointment of liquidators followed a shortage of new products from his main manufacturer.
The founder also said the rise of the US dollar had an impact on the business.
“There is no hiding the fact that sales started plummeting from the middle of last year and it was a natural course of action to let go of a few people,” Menon said.
PCRange has a number of international clients in the United States and Asia.
Menon previously told SmartCompany the fast-paced nature of the IT sector is one of the biggest challenges for people working in the space.
“IT is an ever-changing industry,” Menon said.
“You can only think a year or two ahead or you have to change your plan because IT changes so fast… if you are slow to move, you will miss out.”
SmartCompany contacted Tarquin Koch but did not receive a response prior to publication.
SmartCompany was unable to contact Menon prior to publication.