DMG Case Studies

Meet our Consultants

Richard G. Couch
Richard Couch
John L. Kirsten
John L. Kirsten
Deborah S. Kanner
Deborah Kanner
Michael J. Cronin
Michael J. Cronin
Matthew Couch
Matthew Couch
Sanford A. Knapp
Sanford A. Knapp
Gerard Keena
Gerard Keena
Luke Helm
Luke Helm

DMG Case Study — WebWare Corporation

 
Industry: Technology
Business Description: A digital asset management company focused on providing workflow and publishing technologies for over 40 major media, advertising and Fortune 1000 companies.
Business Problem:

Diablo Management Group (DMG) was retained to serve as Assignee during the ABC process of WebWare Corporation. DMG sought to retain key personnel while selling the company's assets through an Assignment for the Benefit of Creditors (ABC). DMG sought to:

  1. Follow ABC procedure
  2. Retain key personnel
  3. Settle with creditors
DMG Focus: DMG marketed the company's assets and validated all prior sales efforts, leading to a closed transaction in approximately one month. With the sale of WebWare's assets, many key technological personnel were available for hire by INSCI, the parent company to WCORP.
Results:
  • Conducted creditor negotiations
  • Handled all ex-employee related issues
  • Closed transactions in approximately one month
  • Sold WebWare's assets to WCORP
  • Negotiated the subordination of the senior-secured claims
  • Generated proceeds for general unsecured creditors
© 2003-2014 Diablo Management Group. All Rights Reserved. | DianeV.com