Venntro Media Group in Adminstration

HubPeople has terminated an agreement to supply services to Venntro Media Group (in administration). Payment of all final invoices due up to the date of the Administration on August 2nd have been settled today to the account of the Administrator, Leonard Curtis.

In May of this year Venntro entered into an agreement with HubPeople to migrate its B2B Partners to the HubPeople platform. In July, the directors of Venntro approached HubPeople for assistance in moving its remaining in-house brands to the HubPeople platform.

HubPeople has the perpetual exclusive worldwide right to market and process the data of the 15 million users formerly hosted on the Venntro Platform.

HubPeople was extremely disappointed to find that Venntro entered Administration on August 2nd. The Administrator’s report has indicated that Venntro has debts in excess of £2 million GBP.