Monday, August 24, 2009

Roamfree misses debt payments and goes into administration (news report)

Queensland based Roamfree has placed itself into voluntary administration according to the This is confirmed by a filing with ASIC (Australian government body that regulates companies) sent to me by an industry insider. It lists Roamfree Ltd as "* UNDER EXTERNAL ADMINISTRATION and/or CONTROLLER APPOINTED **" dated 24 August 2009.

The broad Roamfree group is a series of online accommodation brands, a channel manager and providers of technologies for tourism companies. Hard to know at this stage which of the business will be affected when. The article says that it does not effect all of the business enterprises under the Roamfree banner as
"The group's subsidiary trading companies, BookEasy Pty Ltd, Roamfree Pacific and majority-owned Tourism Technology, are not affected."
Toursim Technology operates the Calypso system used by many offline companies for inventory management.

As of 930am this morning the main site is still live (screenshot below).

I am always nervous about doing a Roamfree post. One back in April last year resulted in almost 100 comments, many of them unfit to print. That said I would welcome any info you might have as to which business are affected and which are not.

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