Tuesday, March 13, 2012

Celtro Assets for Sale; Estimated at $10M

Celtro (see "Celtro User-Aware Mobile Backhaul Traffic Management" - here) is going into liquidation, a process that started last week in the Israeli District Court.

Asaf Gilad reports to Calcalist (here, Hebrew) that the receivers estimate the value of assets by $10M - "..based on the evaluation of patents, equipment and inventory, service contracts, $4.5 [expected?] receivables and goodwill".

Earlier this week the company fired 33 of 78 employees.

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