NetVersant Declares Bankruptcy; Steelbox Is Shut Down
Meanwhile, Square 1 Bank, the creditor of Steelbox Networks foreclosed on the audio, video, computer and communications networks provider. Operations have ceased in all the offices the company has in 14 states and all employees have been let go at this time. Steelbox’s intellectual property now belongs to Square 1 Bank, and all of the company’s assets have been auctioned off.