Verari Sold, Driggers Back as CEO

Data Center Knowledge (Jan 17 2010) Container , Cloud Computing

1. High performance computing specialist Verari is regrouping after a team led by company co-founder Dave Driggers prevailed in an auction of the company’s assets. On Dec. 11 Verari halted most operations and laid off most of its staff, and its assets were placed for sale in an auction run by Credit Management Association. The company never filed for bankruptcy protection, but instead sold its assets through a process known as Assignment for the Benefit of Creditors, with Silicon Valley Bank as the largest creditor. (Read Full Article)

   Bookmark or Share this article

Login to comment.