BorderWare designed and sold e-mail and internet security technology which allowed its customers to centrally control, protect and manage both inbound and outbound messaging, content and traffic using a platform approach for consolidating security of e-mail and internet connections.
We were engaged by BorderWare’s senior secured creditor to assist it to consider restructuring options. Thereafter, we were appointed by the Court as Receiver. As Court-appointed Receiver, we completed a going-concern transaction for the business and assets to a strategic purchaser within 10 days of our appointment, thereby preserving the goodwill of the business, saving jobs and maximizing recoveries.