Incentra solutions inc bankruptcy

incentra solutions inc bankruptcy

FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER (this “First Amendment”) dated as of August ___, , by and among INCENTRA SOLUTIONS, INC., a Nevada corporation (“Parent”), INCENTRA HELIO ACQUISITION CORP., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”), HELIO SOLUTIONS, INC., a California corporation (the “Company”), and . Incentra Files Chapter 11 Bankruptcy Officially "to improve the company's balance sheet and liquidity" This is a Press Release edited by on February 5, at pm Incentra Solutions, Inc filed a voluntary Chapter 11 petition in the United States Bankruptcy Court for . Feb 11,  · Incentra Solutions files Ch 11 IT outsourcing and datacenter firm, Incentra Solutions, Inc., filed a Chapter 11 petition in Delaware yesterday. The lead case is named In re Managed Storage International, Inc., case no.

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Incentra Solutions Inc. Bankruptcy Court located in Delaware where the Debtor first filed for bankruptcy protection back in February The Company stated the transition from the old to the new Company is seamless and there is absolutely no reason for customers to experience any delays or degradations in services delivered. Incentra, LLC has obtained authorizations from its partners and manufacturers allowing the Company to represent and sell all of the technologies its customers require.

Orders placed prior to the asset purchase will be completed without delay and customers will see no impact from the change in ownership. The Company has also reduced its operating expense base and has substantial working capital available. These services are all customized to help individual clients realize the full impact of their IT investments.

By leveraging relationships with almost manufacturers, Incentra's experts deliver a unique combination of Consulting, Technology, and Outsourcing that maximize results for every infrastructure project. For more information, visit www. This site uses cookies to improve your experience. Be the first! EOD will hopefully be strong! Today's the day! Slap 'em up! Big gains here.

You are Guest on WEB7. Ticker News is disabled. PlusOneCoin Top Posts. ICNSQ revoked:. Keep an eye on the nevada sos for reinstatement. So Incentra employees work for Datalink No one is selling this stock, they all. Wow, Datalink bought Incentra , that is huge I'm sure we see some early buying tomorrow. Can't wait. Time to start slapping The Company and the Lenders have agreed to a debtor in possession DIP financing facility to ensure uninterrupted operations of the business during the bankruptcy.

This process will significantly improve the Company's balance sheet and liquidity. The Company has secured the continued availability of it's revolving credit facility as a source of DIP financing. These additional funds along with the Company's continuing cash collections should provide sufficient resources to meet the Company's ongoing obligations. The Company plans to continue operations as is with no interruption in the delivery of services and technologies to its customers throughout the United States and Western Europe.

This process will give Incentra a strong balance sheet, and allow us to take advantage of opportunities in the current economic environment while continuing to provide exceptional products and services to our customers.

We look forward to the continued support of our senior lenders and their long-term commitment to the business," stated Chairman and CEO Thomas P. The Company plans to complete the sale and have the assets emerge from bankruptcy as quickly as possible, as the Asset Purchase Agreement with the senior lenders has already been approved by the Company's Board of Directors and will be filed with the Court in connection with the Company's motion to set a hearing date to approve the sale.

Customers will not see any deterioration in the level of service or support they receive from Incentra and partners will be able to continue to count on the Company to deliver the consulting, technology and outsourcing services that the market requires. The Company continued to experience strong growth in its services portfolio with revenues up 26 percent for consulting and outsourcing services.

About Incentra Incentra is a provider of complete IT services and solutions to enterprise companies and managed service providers throughout North America and Europe.

incentra solutions inc bankruptcy

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