New Zealand’s Institute of IT Professionals Collapses

New Zealand’s Institute of IT Professionals collapses

: Discovers debt it didn’t fully understand, leaving skilled migrants and students in limbo

New Zealand's Institute of IT Professionals Collapses

An anonymous reader quotes a report from The Register: New Zealand's Institute of IT Professionals has discovered it is insolvent and advised members it has no alternative but to enter liquidation. The Institute (ITP) wrote to members on Thursday and posted a document titled "Important Update on ITP's Future" that reveals it has "reached a point where the organization cannot continue. After a full review of our finances, the Board has confirmed …

IT Professionals New Zealand enters liquidation after 65 years

Technology industry body IT Professionals New Zealand has gone into liquidation after 65 years in operation. The closure is attributed to historical debts going back “many years”, according to a statement on ITPNZ’s website. Founded in the 1960s under its original name the NZ Computer Society, the organisation was known for supporting and advocating local digital technology professionals at all stages of their careers.  “While some of the issues…