Verilink Corporation

Situation Verilink Corporation (NASDAQ: VRLK} offers a suite of products that provide access, multiplexing and transport of voice and data services that extend legacy networks; the company also offers next generation converged access solutions that deliver voice, data and video to business customers.  Their solutions are supported by a strong revenue generating professional services team that offers turn-key provisioning, installation, turn-up and ongoing maintenance and support services.  By rolling up various legacy and ‘end of life’ hardware companies, Verilink management expanded its business model.  This expansion required a great deal of additional capital that was acquired by leveraging its acquisitions and incurring debt.  Due to heavy debt service, the company [...]

2017-11-25T16:22:09+00:00 Bankruptcy, Technology|