The CEO of tech firm Wakelet has broken his silence after the company went into administration.
Jamil Khalil founded Manchester-based Wakelet in 2014 with a mission to help people find, organise and share information from the internet.
However, BusinessCloud revealed this week how Leonard Curtis were appointed as administrators on April 10th following a case in the High Court of Justice.
A sale of the business and assets of Wakelet was completed to Reviven, a connected company, on the same date, which has enabled continuity of the business and the successful transfer of 23 employees.
Khalil is listed as the only director of Reviven, which has a registered address of Bright Building, Pencroft Way, Manchester.
Speaking publicly for the first time, Khalil said: “This has been one of the most difficult and emotional periods of my life.
“Wakelet has always meant more than just a company – it’s been a mission, a team, and a community I deeply care about.
“I’m incredibly grateful to everyone who believed in us and supported the journey. While things haven’t been easy, this new chapter gives us a chance to keep going, to keep building, and to stay true to the heart of what Wakelet was always meant to be.”
Lead administrator Mike Dillon commented: “Following a formal administration process, the business and assets of Wakelet Limited have been successfully acquired by Reviven Limited.
“The transaction ensures continuity for the Wakelet brand under new ownership.”
BusinessCloud understands that Wakelet went into administration after experiencing difficulties in raising fresh investment.
According to Wakelet’s last set of accounts for 2023, shareholders’ funds had dropped to £2,015,531 from £4,923,682 in 2022.