Large-scale storage area network platform that prioritized service levels for company applications.
Revenues were insufficient and no immediate additional funding was available to sustain the business.
Diablo Management Group (DMG) assumed fiduciary responsibility of Maranti Networks by the reference and request of Trinity Ventures and Menlo Ventures. In July 2005, DMG came onboard to sustain the business in a limited capacity and to enable an asset sale.
Sale of the company's Intellectual Property
Sold IP to a major computer data storage manufacturer
Liquidated all remaining assets
Successfully handled all corporate tax issues, including tax particulars associated with a Sales and Use Tax audit
Negotiated and paid all settlements with secured and general unsecured creditors
Secured settlements with all creditors
Successfully sold IP assets and managed the transition and shutdown process, post-sale