# Videlli > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Videlli > Markdown URL: https://mediated.wiki/source/Videlli.md > Source: https://en.wikipedia.org/wiki/Videlli > Source revision: 1299624359 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Use dmy dates|date=November 2019}} {{Infobox company |name = Videlli Limited |logo = Videlli Limited Logo.gif |caption = |type = [Private](/source/Private_company) |genre = |fate = Delisted |predecessor = ERG Group |successor = |foundation = 1984 |founder = |defunct = 2009 |location_city = [Melbourne](/source/Melbourne) |location_country = |location = |locations = |area_served = |key_people = |industry = |products = |services = |revenue = |operating_income = |net_income = |aum = |assets = |equity = |num_employees = |divisions = |subsid = |homepage = http://www.videlli.com www.videlli.com{{dead link|date=May 2020}}}} [[File:Turnstile and smart card reader in Moscow bus.JPG|thumb|ERG smart card reader on a [Moscow](/source/Moscow) bus]] '''Videlli Limited''' (formerly '''Energy Research Group''' or '''ERG Ltd''') was an Australian company that developed [automated fare collection](/source/automated_fare_collection) systems for transit systems. Founded in 1984 as ERG, it was listed on the [Australian Securities Exchange](/source/Australian_Securities_Exchange) in 1985. Due to the large level of losses run up, ERG sold all the operating assets to [Vix Technology](/source/Vix_Technology) in 2008, before ERG changed its name to Videlli and was delisted. Its head office was in [Melbourne](/source/Melbourne), Victoria. ==History== In 1978, Associated Electronic Services Ltd (AES), a [Perth](/source/Perth)-based engineering company, began developing an automated fare collection (AFC) system. In 1984 AES won a contract for an AFC system in [Toronto](/source/Toronto), Canada. That same year Energy Research Group (ERG) was listed on the stock exchange. ERG was a venture capital-backed company, researching various technologies including an electronic sign board and a manufacturing process for surfboards. In 1987, ERG acquired a controlling interest in AES. The first project the new ERG won was in [Darwin](/source/Darwin%2C_Northern_Territory), resulting in the world's first use of smart cards for passengers by a public transit organisation.{{Citation needed|date=November 2011}} In 1988 ERG acquired the balance of AES. In 1989, ERG acquired Radiolab, which specialised in pagers and base stations, to become ERG's telecommunications and manufacturing division. ERG also acquired a 70% interest in Prodata Electronics, Belgium.{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/ERG_Australia_Ltd_acquires_Prodata_Electronics_from_Electrorail_SA-250527040|title=ERG Australia Ltd acquires Prodata Electronics from Electrorail SA|publisher=Thomson Financial Mergers & Acquisitions|access-date=2008-09-16}} On 31 August 1992 the ERG Datafare 2000/Prodata based [magnetic-stripe](/source/Magnetic_stripe_card) systems fitted to all buses operated by the [State Transit Authority](/source/State_Transit_Authority) in [Sydney](/source/Sydney) were switched on. This covered a fleet of around 1,600 buses and comprised the second stage of converting all of Sydney's government-run public transport services to electronic ticketing. Different suppliers were used for each mode of transport, with [Thorn EMI](/source/Thorn_EMI)/Abberfield installing ferry wharf equipment and [Cubic Transportation Systems](/source/Cubic_Transportation_Systems) installing railway station equipment. The ticket data format was standardised to be common across all modes. In 1997 ERG formed an alliance with [Motorola](/source/Motorola),{{cite web|url=http://www.computerworld.com.au/index.php/id;1947652246|title=ERG buys Motorola's share of joint venture|publisher=IDG Communications|access-date=2008-09-16}} primarily for their [smart card](/source/smart_card) technology, and won substantial contracts in [Berlin](/source/Berlin), [Hong Kong](/source/Hong_Kong), [Rome](/source/Rome), [San Francisco](/source/San_Francisco) and [Singapore](/source/Singapore).[https://www.railwaygazette.com/news/bay-area-signs-smart-card-deal/29522.article Bay Area signs smart card deal] [Railway Gazette International](/source/Railway_Gazette_International) 1 July 1999ERG Wins Big Ticket Contracts ''[Transit Australia](/source/Transit_Australia)'' July 1999 page 166ERG Group wins major overseas contracts ''[Railway Digest](/source/Railway_Digest)'' August 1999 page 12Australians win Hong Kong work ''Transit Australia'' February 2000 page 45 An alliance with [American Express](/source/American_Express) was formed. Ecard was established.{{cite web|url=https://www.telecompaper.com/news/erg-launches-ecard-smart-card--145150|title=ERG LAUNCHES ECARD SMART CARD|website=www.telecompaper.com}} In February 2003 ERG's subsidiary Integrated Transit Solutions won the tender to design, build and operate the Sydney integrated ticketing project,{{cite web |url=http://www.transport.nsw.gov.au/news/media/20-02-03-min-ticketing.html |title="Media Release – Single Ticket System For Sydney" |access-date=2003-12-18 |archive-url=https://web.archive.org/web/20031218123346/http://www.transport.nsw.gov.au/news/media/20-02-03-min-ticketing.html |archive-date=2003-12-18 |url-status=live }} or [Tcard](/source/Tcard) as it became known. In 2008 the [Government of New South Wales](/source/Government_of_New_South_Wales) cancelled the Tcard project, with lawsuits in both directions.[http://www.theaustralian.com.au/australian-it-old/nsw-ends-erg-tcard-contract/story-e6frganf-1111114841467 "NSW ends TRG Tcard contract"] ''[The Australian](/source/The_Australian)'' 9 November 2007 The government sued ERG for $77 million; ERG counter-sued for $215 million.[https://www.smh.com.au/business/court-orders-government-to-hand-over-tcard-documents-20100608-xtmg.html "Court orders government to hand over Tcard documents"] ''[Sydney Morning Herald](/source/Sydney_Morning_Herald)'' 9 June 2010 The claim was settled in February 2012.[https://www.smh.com.au/it-pro/government-it/nsw-taxpayers-spared-200m-loss-as-tcard-trial-aborted-20120217-1tdfd.html "NSW taxpayers 'spared $200m loss' as Tcard trial aborted"] ''Sydney Morning Herald'' 17 February 2012 == Tcard lawsuits == ERG had a contract with the New South Wales Public Transport Ticketing Corporation (PTTC) to develop the [Tcard](/source/Tcard) system. The contract was terminated by the New South Wales government on 23 January 2008, and the government announced their intention to recover the project costs of $90 million from ERG.{{cite news|url=https://www.smh.com.au/news/national/dumped-tcard-firm-fires-back/2008/01/24/1201025082684.html|title=Dumped Tcard firm fires back|work=Sydney Morning Herald | date=24 January 2008}} ERG claimed that the PTTC "had itself materially contributed to the delays associated with the project and ... failed to act reasonably and in good faith", and lodged a [countersuit](/source/countersuit) in May 2008 to recover over $215 million in costs.{{cite web | title=ERG Lodges Tcard $200m Defence and Counterclaim | url=https://videlli.com/news/details.asp?newsid=45 | publisher=Videlli Ltd. | access-date = 30 November 2011}} The NSW government was allowed to withhold some evidence in the case.{{cite news| title=Smartcard court case could catch cabinet|url=https://www.smh.com.au/business/smartcard-court-case-could-catch-cabinet-20101207-18ofc.html | work=Sydney Morning Herald | date=8 December 2010 | access-date=30 November 2011}} The case was settled in February 2012, with the government keeping the $27 million security deposit and Videlli paying a further $5 million in settlement.{{citation|url=http://www.videlli.com/include/displayFile.asp?nid=128&fid=97|format=PDF|title=Settlement of T-Card Litigation|date = 21 February 2012|access-date=7 June 2012}}{{cite web|last1=Berejiklian|first1=Gladys|title=Press release: CLEANING UP LABOR'S MESS: LONG-RUNNING TCARD LEGAL DISPUTE SETTLED|url=http://www.transport.nsw.gov.au/sites/default/files/b2b/releases/20120217-card-case-settled.pdf|website=Transport for NSW|publisher=NSW Government|archive-url=https://web.archive.org/web/20170626054606/http://www.transport.nsw.gov.au/sites/default/files/b2b/releases/20120217-card-case-settled.pdf|archive-date=26 June 2017|date=17 February 2012}} Both sides bore their own legal expenses.{{cite news|url=https://www.smh.com.au/it-pro/government-it/tcard-battle-settled-out-of-court-20120217-1tegm.html|title=Tcard battle settled out of court|publisher=Fairfax | date=2012-02-18}} == Myki project dispute == [Kamco](/source/Kamco) won the contract for the development of the [myki](/source/myki) ticketing system in Victoria in 2005 and sub-contracted the installation and repair of myki equipment to ERG, in an A$106 million contract. However, ERG refused to release myki equipment to Kamco claiming "unpaid bills worth $1.8 million". Kamco repudiated the contract in June 2009, arguing a change in ERG's company structure broke their agreement. ERG sued Kamco in the [Victorian Supreme Court](/source/Supreme_Court_of_Victoria) for a $30 million loss it claimed from the repudiation,{{cite news |url =https://www.zdnet.com/article/erg-sues-myki-vendor-for-30m/ |author = Ben Grubb | publisher = ZDNet.com.au | date = 22 February 2010 |title=ERG sues myki vendor for $30m |access-date=10 July 2014}} and Kamco launched a counter-claim.{{cite news |newspaper=[The Age](/source/The_Age) |url=https://www.theage.com.au/national/company-behind-myki-sued-for-30m-20100221-oo1u.html |title=Company behind myki sued for $30m |author=Clay Lucas |date=22 February 2010}}{{cite web|url=https://www.zdnet.com/article/erg-sues-myki-vendor-for-30m/|title=ERG sues myki vendor for $30m|first=Ben|last=Grubb|website=ZDNet}} ==Liquidation== After the NSW government terminated the [Tcard](/source/Tcard) project, ERG was left with large accumulated costs arising from the project. On 31 December 2008, ERG sold its operating assets to [Vix Technology](/source/Vix_Technology),{{cite web | title=Restructure Update | url=https://videlli.com/news/details.asp?newsid=89 | access-date = 30 November 2011}}{{cite web|url=https://www.smh.com.au/business/new-owner-cashes-in-on-ergs-potential-20091101-hrlj.html|title=New owner cashes in on ERG's potential|first=Colin|last=Kruger|date=November 1, 2009|website=The Sydney Morning Herald}} and paid out its debts. The sale left ERG with its claim against the NSW Government arising from the Tcard contract as its sole asset. ERG changed its name to Videlli with effect on 11 March 2009 as part of its restructure. Videlli was delisted from the [Australian Securities Exchange](/source/Australian_Securities_Exchange) on 30 June 2009.{{cite web | title=Videlli Limited - Company Profile and Status | url=https://www.delisted.com.au/Company/12063/VIDELLI%20LIMITED | publisher=deListed | access-date = 1 December 2011}}[https://web.archive.org/web/20190915015137/http://www.videlli.com/index.asp Important Company Information] Videlli Videlli retained a minor shareholding in Vix Technology, finally sold to Vix Holdings Ltd for $5 million in 2013. The one ordinary share had previously been reported in financial statements as having no value.{{cite web|title=Financial Report For the Year Ended 30 June 2013|url=http://www.videlli.com/include/displayFile.asp?nid=136&fid=105|website=Videlli.com|publisher=Videlli Limited|access-date=5 July 2017|date=26 September 2013}} As at 30 June 2014, Videlli had no assets and had a debt of $21 million to Vix Treasury. The company was inactive, but chose not to [liquidate](/source/liquidate) because of the cost of liquidation. The debt arose from borrowing to finance the litigation with the NSW government, referred to below, and its settlement.{{cite web|url=http://www.videlli.com/news/files/VidelliChairmansAddressAGM2014.pdf|title=Annual General Meeting, Chairman's Address}} Administrators were appointed on 29 December 2017,{{cite web|url=https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/Videlli-Limited-009112725/0a8210b2-7ad4-49bd-8009-fbb0b4d81fbb |title=Videlli Limited 009 112 725 | Voluntary Administration | Meeting | WA | Published : 08/02/2018 | ASIC Notice Details |publisher=Insolvencynotices.asic.gov.au |access-date=2019-10-04}} and the company was declared liquidated on 22 February 2018.{{cite web|url=https://www.delisted.com.au/company/videlli-limited|title=Videlli Limited (VID)|publisher=Investogain|access-date=6 May 2020}}{{cite web|url=https://www.investogain.com.au/LiqDecl/Videlli.pdf|title=Videlli Limited (In Liquidation) - Declaration by Liquidators|date=22 February 2018|access-date=6 May 2020}} ==References== {{reflist}} Category:Companies formerly listed on the Australian Securities Exchange Category:Defunct technology companies of Australia Category:2018 disestablishments in Australia Category:Australian companies established in 1984 Category:Technology companies established in 1984 Category:Technology companies disestablished in 2018 --- Adapted from the Wikipedia article [Videlli](https://en.wikipedia.org/wiki/Videlli) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Videlli?action=history)). 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