Last week, the credit crunch claims its latest victim – Adventi. The IT consultancy firm, which also owns the Scotsys brand, suffered cash flow problems recently and the administrators have been called. Not only is it sad to see 22 people being made redundant, but it’s also tremendously sad to see another Scottish IT business failing.
Adventi’s demise has stirred some interesting discussion over on the Edinburgh Entrepreneurs group in LinkedIn. Kicked off by Alex Ogilive’s blog post on whether growth through acquisition is a viable strategy in the Scottish software world, there are some interesting points on whether growing rapidly through acquistions or growing organically is better.