Melbourne software startup Buzinga just sunk into liquidation owing $250,000

Buzinga’s management team with co-founder Graham McCorkill sitting in centre. (Source: supplied)

Buzinga, a Melbourne-based mobile software development startup praised for its staff culture, has gone into liquidation.

While the Buzinga website still shows a client portfolio including Bluescope Steel and online retailer Brauz, phone calls are going directly to voicemail.

Business Insider has confirmed with liquidator BK Taylor & Co that the company entered liquidation last Tuesday and is no longer operating.

“At the moment we’re looking at selling off the business and the company’s assets. We’ve put in a [sale] ad in the [Australian] Financial Review for tomorrow,” BK Taylor & Co spokesperson Chris Murray told Business Insider.

The business has been wound up leaving creditors out of pocket to the tune of $250,000, with the largest amount owed to Indian outsourcing supplier Signity Software Solutions for just less than $50,000.

Buzinga, founded in 2012 by Graham McCorkill and Logan Merrick, claimed it served more than 300 businesses nationally and only last month boasted of 30% year-on-year growth. However, Merrick had stepped away from the venture this year “to pursue new business opportunities”.

In May, Buzinga announced it had moved into a new Melbourne office twice the size of its previous facilities and hired a user engagement director, with McCorkill citing “increased interest” in its services.

Buzinga had 23 employees when it closed last week, and was ranked number 9 in JobAdvisor’s annual ‘Coolest Companies in Tech’.

“The culture in Buzinga is vibrant, joyful and enthusiastic. Everyone is always ready to have a fun conversation or take part in any activity. Yet, at the same time everyone is completely dedicated to their work and desire to create innovative products that our clients love,” one staff member said at the time of the award.

A Brauz spokesperson said that it had no outstanding work owed by Buzinga, and pointed out that it had formed an in-house software development team last September.