#LTNY: Darwin Watch: The Day After Christmas
I am out of the office today, so didn't see this until now when Craig Ball, LTN's trusty EDD columnist, brought it to my attention: Onsite3 has filed for Chapter 11 and plans to be absorbed by Integreon.
As for Onsite3's woes, the press release is available here.
Cliff's Notes version:
"Onsite3... today announced that it has filed for reorganization under Chapter 11 ... and that it plans to be acquired by Integreon (www.integreon.com).... The Company also announced today that Integreon has completed the acquisition of Onsite3's outstanding pre-bankruptcy secured debt and has agreed to provide debtor-in-possession financing to assure Onsite3's continued operation throughout the reorganization process."