Next step
Check ASIC notices and the administrator's firm website for the Erin Ops sale process, then ask the administrator whether the IP, code, domain, app-store accounts and customer contracts are included in a sale and whether the platform is still trading.
Risks
- Customers may have churned or terminated on administration
- Hardware and integration vendor contracts may not transfer
- Resident personal data and privacy obligations
- App store developer accounts may not be transferable
- Product may be tightly coupled to the company's own cloud or staff knowledge
- Pricing could exceed budget if investors or a trade buyer compete
Unknowns
- Customer count and revenue
- Whether the product still operates
- Whether the administrator is selling assets and the process or deadline
- Source code ownership and tech stack
- Contract terms and renewal dates
- Related entities such as Erin Living Technologies