Feeds

Elsa files for bankruptcy

Cavalry does not arrive

  • alert
  • submit to reddit

Elsa, the veteran graphics card maker, has started bankruptcy protection proceedings in its German homeland.

The company said that it had received a letter of intent from an "industrial investor" but was unable to complete negotiations because it had ran out of money. The investment or sale of the company had been subject to due diligence.

As previously reported, Elsa had its credit facilities withdrawn and was unable make a loan repayment due on February 15.

Elsa is now being run by an insolvency administrator. "An investigation and analysis of possible measures to continue the business has been initiated".

Elsa is best known for its workstation-class graphics cards and is a fairly big customer of Nvidia. The company also makes networking client access devices.
®

Related Story and link

Elsa derailed by closed credit lines
Elsa press release

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.