The first tenant of the State Government’s Tonsley high-tech hub- IT company Tier 5 — has been placed in administration

THE cornerstone tenant in the State Government’s Tonsley advanced manufacturing hub has been placed in administration.

THE cornerstone tenant in the State Government’s Tonsley advanced manufacturing hub has been placed in administration.

Tier 5 — a company specialising in setting up data centres and associated services — was placed in administration on Thursday.

The company said in 2010 it planned to use up to 4500sqm of the Tonsley site and long term plans were to build a $100 million ``green’’ data centre.

The company was founded by IT entrepreneur Marty Gauvin, who built up and sold Adelaide-based hosting company Hostworks before branching out into this new venture.

Kordamentha have been put in place as administrators of the company.

While Tier 5 was the flagship tenant at the Tonsley site, it has since attracted numerous other companies including Siemens, Hills, ZEN Energy Systems, Innovyz, Signostics, Basetec Services and MAN Diesel and Turbo.

It is unclear at this stage how much debt might be outstanding from the company and whether the administrators will continue to run it with a view to selling it.

The company has 47 shareholders.