In a released statement, Digital Goods, formerly known as Softlock.com, Inc., stated that it had engaged an outside consultant to assist in closing the company and a law firm to advise the company on the sale or licensing of its assets. The company is unsure what it will do with its facility here but a company official tells GlobeSt.com that subletting the space is "probably something we'll look at."
Digital Goods is the latest in a long line of recent victims of the high tech crash. In its statement the company blamed its failure to obtain additional financing for its demise. The company was founded nine years ago as a digital rights management technology company but quickly shifted its focus to digital content marketing.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.