25th February 2026

Dear Colleagues,

The Board of Directors of ESTnet Ltd, trading as Technology Connected, has formally resolved to commence an orderly wind down of the Company’s operations, with the intention that the Company will cease trading on 31 March 2026 and will subsequently be dissolved.

This decision follows the recent announcement by the Welsh Government confirming the dissolution of Industry Wales. As ESTnet Ltd t/a Technology Connected operates within the Industry Wales group structure, this change has required careful reflection on our future Position.

After thorough consideration of the available options, the Directors have concluded that an orderly wind down represents the most responsible course of action. While this marks the end of the organisation in its current form, it does not diminish the impact, relationships and progress built over the past 25 years.

The Board is committed to ensuring that:

  • The wind-down process is managed in a structured, transparent and professional manner
  • All statutory, legal, financial and contractual obligations are met in full
  • Clear and timely communication is maintained with staff, suppliers and stakeholders
  • The Company’s legacy and contribution to Wales’s technology community are recognised and respected

Between now and 31 March 2026, operations will continue in an orderly manner while plans for closure are implemented.

On behalf of the Board, we would like to place on record our sincere thanks to everyone who has supported ESTnet Ltd t/a Technology Connected over the past quarter of a century. The organisation’s achievements have been made possible through the dedication of our team, the commitment of our partners and members, and the strength of collaboration across the Sector.

We are immensely proud to have played a central role in shaping and championing Wales’s tech ecosystem. It is important to emphasise that this decision reflects structural changes within the Industry Wales framework and in no way reflects the strength, ambition or future prospects of Wales’ technology sector, which continues to demonstrate innovation, growth and resilience.

Should you have any immediate queries, please contact Avril Lewis at avril.lewis@technologyconnected.net.

Yours sincerely,

Avril Lewis MBE
Managing Director
Technology Connected