Intransa Wind Down Investigated

Author: Carlton Purvis, Published on Apr 23, 2013

While we have been reporting for more than a month about the failure of Intransa, there is still no official public announcement. Indeed, visitors to their website who did not know better, would simply assume that everything is just fine. However, we have obtained an internal document from Intransa's 'business advisor' and conducted an interview with them about how the company is being wound down and what is happening to its assets.

We have confirmed that Intransa, Inc., a Delaware company, i.e., the Intransa you know, has transferred all of its assets to a new California company named Intransa, LLC, for liquidation to pay off its debt (according to a letter mailed to creditors this month). The official name for what is happening is called an "Assignment for Benefit of Creditors," an alternative to bankruptcy. Intransa and Intransa, LLC have “no corporate affiliation ... despite their similarity in name,” according to the letter.

*** **** *** ****** * *** ***** ***, *** ****** anyone *** *** **** ******** ****************** ******* * **** ** *** ******, ********* ** ******** Partners, ***,*** ********** **** ******** *** ************. **** ***** *** ******** *** **** **************** **** ** ********, *** ** ** **** **** *** company *** ******** * ***** **** $*** ******* ********** ******* *** *****. *******, ** ****** **** *** **** ** left, ***** ***** ******* *********. ********* **** ***** ********* ** ****** claims *** *******.

***** **********'***?

**** *********************** *** *** ** * *** ******* ************, ********* **************** *** ******* **** ** ******************************** ***** **** ******* *******************. *** ******* **** **** ** **** ******************* ****** ****, *******, ******** ******** **************** **** “******* ******” *******************'************* ******** *** *** *** ** ****. *** **** **** that ************ ******** *** **** ** ** *********** ***** *****.

Address *************

** *** **** **** ** ***** *************************** *** **** ****** *******. **** **** ******* ** *** address *** ******** ********. **** **************** **** *** ******** **** ** **** *****, *************** **** *** ***** ***** ** **** **** ***********************.

********* ***** ******/********

*********************** ******* *********** ******** ****** ********* ***** *** ****** *** ******** ************'************* ******** ** ***** ******* ** ** * *********** ** what ** ***** *******. **** ***** ****** *** ************ **** ** ******* ******** ** *** ******. 

Comments (4)

****, ****** **** ******! * *********** **** **** ***** * year *** ** **, *** ********* **** ****'* ***** *****. Glad * ****'* **** ****!

**** ****... *********** *********** **** *** *'***** **** ****, ******* several ********** ****** **** ****- **** ****** ****** **. ***** GOD * ****'* **** ** **. *****, * **** ******* as ******** **** * ****'* **** *** *** **** ************ offered ** ** ** *****... ** ** **** ***'* * dying ****.

****'* *****, * **** *** ***** *** ** ***** ***** 5 ** * ***** ***. * ***** **** ***** ******** in **** ******** *** *** **** ******, **** *** **** name ** ***!

***** *** * ***** **** * ***** ***, *** * turned **** **** ******* *** ** ** ******** ** ******* it *** ****** *** ***** **** ** *** * *******. No *** * ***** **** *** ***.

@ **** ***********

******* *** **** ***** **** ***** ********? **** ***** ***** the ***** ******* ****** - *** **** ***** ***** ******** from ** ***** *** **** *** ***** **** ********.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Most Recent Industry Reports

Avigilon New COO James Henderson Profile on May 23, 2017
It has been nearly 2 years since the infamous Bryan Schmode 'resigned' as Avigilon COO. Now, Avigilon once again has a COO, promoting James...
Aura's 'Invisible Ripple' Next Gen Intrusion Detection Tested on May 22, 2017
Aura Home is a startup intrusion detection system, but it claims new, high-tech sensing that monitors the 'invisible ripples' movement creates,...
Pelco Shutting Down Clovis Line, Laying Off 200 on May 22, 2017
Pelco's Clovis facility once turned out some of the industry's most popular products. Now, the facility is mostly building "obsolete" equipment,...
IP Camera - 15 Year Shootout on May 22, 2017
How far have IP cameras come? We bought and tested 4 cameras across the past 15 years to understand how much and where performance has...
Remote Video Monitoring Providers Directory on May 19, 2017
Remote video monitoring can help integrators generate RMR plus end users lower their security costs and/or improve response to critical...
Axis Criticizes OEMs: "When You Buy An Axis Camera, An Axis Camera Is What You Get!" on May 19, 2017
When you buy a Honeywell camera, you likely get a Hikvision, Dahua or some other company's product. The same goes for easily 100 different...
Hackable 125kHz Access Control Migration Guide on May 19, 2017
Despite being one of the most popular credentials, 125 kHz credentials are easily copied and insecure as we showed in our test results, video...
Forget The Backdoor, "ALL HIKVISION PRODUCTS" On Sale on May 18, 2017
Less than 2 weeks after the Hikvision Backdoor was confirmed, Hikvision has launched a sale "ON ALL HIKVISION PRODUCTS". In this note, we examine...
Amazon Techs Installing IP Cameras Tested on May 18, 2017
In 2015, Amazon started offering video surveillance installation. Now, Amazon has made it a lot easier, with automatic add-on options and...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact