The company is half way through a three-year restructuring plan that started in the second half of 2010. In describing the 2011 business, CEO Leen Zevenbergen said, “This was a very necessary process in re-vitalising the company and it took us longer than we expected.” Some that were restructured were executives in Germany and the Netherlands. Among the restructuring moves: the company sold its Spanish and Belgian operations to another reseller, Prodware, and then used some of the proceeds to pay off debt.  In 2009, the company sold a Norwegian subsidiary and closed Danish and Swedish operations and then used proceeds to resume missed payments on debt. I am assuming that at some point selling off operations to pay debt has an end point. Qurius is up for an award for window-dressing of financial statements and a favorite to win. The company also posted its financial tables in an ashx file. Turning to the web, I found the following answer about opening these: “You probably don't have anything on your computer that will open it.” Guess the company is out of the running for an award for financial reporting transparency. Even though Qurius acts a reseller only in Europe, it pointed to the recent creation of the QIPTree development arm as enabling it to sell to third parties all over the world.