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Creditors Approve Liquidation of Évora Tech Firm Decsis

Creditors of Decsis, the Évora-based technology company, have voted to liquidate the business. For now, the company will stay open to keep its Data Center running, according to insolvency administrator Bruno Costa Pereira.

He confirmed that the proposal was unanimously approved at Thursday’s meeting at the Évora Court, adding that the goal is to sell remaining assets “at the best possible value” to repay creditors. Most of the roughly 200 employees had already left before the vote, many after suspending or terminating their contracts due to unpaid wages. Only the Data Center team remains.

Decsis was declared insolvent on September 15, following serious cash-flow problems linked to “Operation Nexus,” a Judicial Police investigation into suspected corruption and fraud involving PRR-funded IT purchases for universities and public schools. Although Decsis was not a direct target, the operation had an immediate impact on its business. The July raid led to six arrests, including an administrator and employees from a tech company, a concessionaire worker, and a public official.