(WEB HOST INDUSTRY REVIEW) — Data center equipment provider Verari (www.verari.com) has sold its assets through an auction led by creditors, according to a report by Data Center Knowledge.
Verari stopped its operations on December 11, along with laying off the majority of its staff. The company’s assets were subsequently put up for sale in a Credit Management Association-run auction.
The company eventually sold its assets through a process known as Assignment for the Benefit of Creditors, led by Silicon Valley Bank as the largest creditor.
Meanwhile, former Verari co-founder and CEO Dave Driggers has rejoined the company. In 2006, Driggers was replaced by EMC’s David Wright and assumed the position of chief technology officer.
When Verari was placed for sale, Driggers assembled a bid, and last week InsideHPC reported that he had won the bidding. Late last week the management page on the Verari website was updated to list Driggers as the chairman and CEO.
Verari has yet to reveal the direction it will take with its technology, whether it will focus primarily on servers and blades, or pursue the data center container business.
However, Data Center Knowledge cites that its sources may release additional details regarding Verari’s plans early this week.
Verari unveiled its container program just months after Sun Microsystems announced its Blackbox container, which is now called the Sun MD.
The company’s FOREST container has announced some high-profile customer wins in the past few months, including Qualcomm and an agreement with NASA to host its new Nebula cloud computing platform.
Verari’s other customers includeVirgin America, Morgan Stanley, Wachovia, Akamai, EMC, Lockheed Martin, Northrop Grumman, and Sony Imageworks.
Former Verari executives have headed to the company’s competitors in the HPC and container market, including former vice president of worldwide field operation Vincent Scarpulla being recently appointed by SGI as vice president of commercial sales for the Americas.
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