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DMG Case Study — Inkra Networks Corp.

 
Industry: Manufacturing; Technology
Business Description: Provides automated IP management and web application management to companies looking to develop prioritizing and cost-effective infrastructure systems.
Business problem:

Diablo Management Group (DMG) was retained in May 2005 by the Board of Inkra Networks, which included representatives from Norwest Venture Partners, Morganthaler Ventures, Storm Ventures, Greenstone Venture Partners, and Battery Ventures.

At the referral of Mark Medearis of Heller Ehrman, DMG was engaged to manage an orderly wind-down of company operations for Inkra Networks in various subsidiaries. DMG assumed fiduciary responsibility for the businesses and managed all required court filings, creditor negotiations and asset sale efforts.

  1. Manage the wind-down of company operations
  2. Sell fixed assets and intellectual property
  3. Settle outstanding financial and legal operations
DMG Focus:
  1. Manage the sale of company assets in a timely and organized fashion
  2. Effectively settle with all creditors and lessors
Results:
  • Conducted out-of-court voluntary wind-down
  • Completed sale of company's fixed assets through an auction
  • Managed sales of IP assets and technology licenses
  • Conducted creditor settlement negotiation
  • Operational wind-down completed in all jurisdictions
  • All foreign subsidiary liquidations are completed

The buyers and licensees of the IP have continued support of the installed base and integration of the technology into their respective product ranges allowing for future royalty stream payments.

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