Lifesize receives court approval of bid procedures for assets

By Sarah Lizee

Olympia, Wash., June 23 – Lifesize Inc. received approval of the bid procedures for its assets, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

Enghouse Systems Ltd. is the stalking horse bidder for the assets, which include Lifesize, Kaptivo, ProScheduler, Serenova and Telstrat.

The purchase price under the stalking horse agreement is $21 million.

Under the bid procedures, an auction is scheduled for June 29, and the sale hearing is set for July 7.

Lifesize is an Austin, Tex.-based provider of video conferencing and omnichannel contact center solutions. The company filed bankruptcy on May 16 under Chapter 11 case number 23-50038.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.