Provider of email security solutions
Industries
Sendio, a provider of email security solutions, was challenged by a legacy cost structure and weary investors. Given its lack of liquidity, Sendio reorganized via an Assignment for the Benefit of Creditors, in which Force 10 served as the independent director and coordinated the transaction. Through an auction, Sendio was sold to a European-based fund, maintaining continuity with its employees and customers while significantly reducing operating costs.
