It's Official: Vivato Winds Down
"This difficult decision was deemed by Vivato to be in the best interest of creditors, shareholders and customers, based upon the Company’s projection of its future results," the company says in its Web statement.
As Unstrung exclusively reported last week, it has been an open secret in the industry for some time that the Spokane, Wash., firm had been running on empty. (See Last Call for Vivato?.) Now Vivato has revealed its plans for its assets, customers, and creditors.
The startup follows Legra and other wireless LAN startups in attempting to sell its intellectual property, possibly to multiple buyers. (See NextHop Leaps on Legra and Fortress Buys Legra Assets.) "Vivato is... in the process of preparing an information package on its Intellectual Property (IP), including its patent portfolio covering Wi-Fi and WiMAX technologies in areas such as beam forming, wireless packet systems, antenna design, interference mitigation, MAC and PHY layer algorithms and channel selection," the firm says.
But the company has a fairly stark message for its customers:
"Vivato is currently in the process of offering its customers and prospective customers an opportunity to place purchase orders for its products on an end-of-life basis... Going forward, Vivato will be unable to provide support and maintenance for its products. There may be third parties who choose to offer this support."
And Vivato says it will be writing to its creditors in January 2006.
— Dan Jones, Site Editor, Unstrung