
| Plasmon Update |
Plasmon go-forward |
Contact Plasmon for additional information |
On October 23, Plasmon Holdings Inc concluded a private equity buyout of Plasmon LMS Inc and other key assets from Plasmon Plc in administration in the UK. This transaction was intended to secure the company’s ability to execute on its strategic plan and to extend its leadership in the archival storage solutions space. Subsequent to that acquisition, the funding for the operational plan has not been finalized by the new company’s shareholders. This has forced the company to restructure to a minimal staffing level. These counterparty consequences were entirely unanticipated. |
Plasmon continues to operate with a reduced staff to sell and support its archival solutions, Archive Appliance, UDO media, and standalone devices with all customers and partners worldwide. Plasmon customers worldwide continue to be covered by their current maintenance and warranty agreements. Plasmon, with the support of its senior secured creditor, is exploring strategic options to forge a path forward. We are working with strategic partners and potential investors to identify ways for the company to continue to exploit its unmatched technology and support and service capabilities. |
Customers… Plasmon is prepared to address
your needs under this restructuring. Click here to access our standard Support systems. Plasmon Resellers and Distribution Partners…. We are prepared
to meet your expedited orders and stocking needs. Special offers
will be available shortly. Vendors…to reach your new Plasmon operational contacts and discuss status of current business, click here. Press…If you are a member of the press and seek additional information about Plasmon’s restructuring, click here. |
We thank you for your continued support of Plasmon. |
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