As of publishing of this article, Ivan has not responded to DNA queries to get his facet on the Tale.
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Meanwhile DNA has learnt that a previous Fusionex undertaking supervisor for a major govt account has arrived at out to the government agency to reassure them that their Fusionex crafted and run platform would be taken care of and held functioning efficiently article Fusionex.
Though the dust is just not going to choose this story as Ivan and his senior execs who still left suddenly are hoping for. Not when the answer to Hitachi’s drastic winding up software is laid bare within the in depth court docket submission.
An government from the agency tells DNA, “We wish to wait For additional clarity on what seriously happened at Fusionex prior to making any conclusions of help.”
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“The past senior administration departed the company immediately with no type of handover of the management and also the functions.
A few days later the inhouse legal counsel for Fusionex showed Hitachi’s attorneys a duplicate of A different ‘governing administration directive’ dated 27 Nov which presupposed to prohibit Fusionex from sharing any information Together with the audit committee.
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Many expressed shock and disbelief that not only Ivan, but customers of his Management workforce could behave in this sort of an unprofessional, unethical and irresponsible way. “If This is often accurate, and I honestly uncover it hard to feel, then they may have opened themselves to legal action from Hitachi and also doable censure with the professional bodies They're users of,” stated a single tech ecosystem leader with a strong company history.
Amidst the paucity of data available to it nonetheless, a list of finance ledgers regarding the Fusionex Team (dated 05.07.2023) ended up also uncovered. According to Hitachi, “the ledgers confirmed many suspiciously voluminous transactions pertaining to V-Circle’s and Convedge’s ‘software development fees’ and/or ‘technological innovation costs’.