LOGIN | REGISTER NOW | SUBSCRIBE
 
 
News on Monday
more>>
SharePoint Tech Report
more>>


   

 
 
Download Current Issue
ISSUE 2/1/2010 PDF

Need Back Issues?
DOWNLOAD HERE

Receive the print Edition?


 
blogs tab
Visual Studio 2010 Release Candidate Available Today
A Visual Studio 2010 release candidate is available on MSDN.
02/09/2010 09:45 AM EST

Is Microsoft eyeing Office subscription pricing?
Microsoft may be preparing to offer a new Office pricing option called "union," which charges the same for cloud as on-premises.
02/01/2010 09:38 AM EST

Facebook rewrites PHP runtime
Facebook is about to open source its own PHP runtime, written from scratch for speed.
01/30/2010 08:53 PM EST

 

Events calendar tab
Macworld 2010
2/9/2010 to 2/13/2010
San Francisco
IDG World Expo

SPTechCon 2010
2/10/2010 to 2/12/2010
San Francisco
BZ Media

PyCon 2010 (Python Conf.)
2/17/2010 to 2/25/2010
Atlanta
Python Software Foundation

Southern Calif. Linux Expo
2/19/2010 to 2/20/2010
Los Angeles
SCALE

IBM Pulse
2/21/2010 to 2/24/2010
Las Vegas
IBM


 
print Printable version 
Most Read Latest News Blog Resources
Facebook brings HipHop to PHP
HipHop compiles PHP to speed up the Web layer at world's most popular social networking si...

Adobe moves LiveCycle application platform to the cloud
Release gives developers just what they need to create targeted business process-oriented ...

Oracle acquires AmberPoint
Today's merger will probably affect most of AmberPoint's existing partnerships with other ...

Digg!  Digg
Reddit  Reddit
Slashdot  Slashdot
Share on facebook  Facebook
Share on Twitter  Twitter

Agitar Software winds down operations


By David Worthington
May 12, 2008 — 
A well-known Java unit-testing tool suite maker is winding down its operations, and has sent a notice of assignment to its creditors.

Agitar Software has retained the services of Sherwood Partners LLC to renegotiate its debt. Sherwood mailed a notice of assignment to creditors on Apr. 28.

The company is recognized for AgitarOne, its Java unit testing suite and AgitarOne Agitator testing technology, which automatically generates test cases and analyzes the results.

Agitar remains a registered corporation in good standing with the State of Delaware’s Division of Corporations – meaning, its existence has not been terminated.

The company was incorporated in Aug. 2002, under its former name, TestAgility Inc.

There is no record of any bankruptcy filing in the United States Bankruptcy Court, District of Delaware, for Agitar Software or TestAgility Inc.

“There is no bankruptcy,” said Sherwood spokesperson Martin Pichinson. He explained that a letter of assignment is an alternative to bankruptcy that is a “more polite” way to wind down a company.

“There are fewer and expenses and the timeline is less,” he explained, adding that creditors have no guarantees of more money.

“The key is to monetize the IP [intellectual property], and we [Sherwood Partners] are one of the best firms [that do that] nationally,” he said.

A call to Agitar marketing manager Lori Heyman went unanswered. Founders Roongko Doong and Alberto Savoia departed the company in Apr. and Mar. respectively, according to employment history listed on their LinkedIn profiles.

Doong and Savoia have since founded LikeLoops Inc., a San Francisco Bay area software company. They were not available for comment by deadline.




Share this link: http://www.sdtimes.com/link/32186
 

Add comment


Name*
Email*  
Country     


  • Comment
  • Preview
Loading