Remember Netcomm? They are one of the few Australian businesses developing modems, routers and other networking gear for Australian conditions. They've been around for 40 years (I have fond memories of their dialup modems!) but last week entered voluntary administration. US company Casa Systems acquired Netcomm in 2019 off the back of some nice profits in 2018, but since then hasn't been doing too well, having lost US$25.6m despite US$62.1m in revenue in Q3 2023. The administrators told SmartCompany that Netcomm is "continuing to trade" and that their "objective is to sell this business to recapitalise to a new owner". Fingers crossed it can return to Aussie ownership and return to its former glory once again.
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