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Bankruptcy Trustee Proposes Sale of IT Firm Cloudeeva

Submitted by Anonymous (not verified) on

Bankruptcy lawyers in charge of information technology staffing firm Cloudeeva Inc. are proposing to sell the New Jersey company at an April auction, Dow Jones Daily Bankruptcy Review reported today. Cloudeeva officials said that staffing competitor First Tek Inc. has already offered $5.6 million for the struggling company, whose roughly 350 full-time and contracted workers are hired as tech support by corporations and governments, according to a bankruptcy court filing. In court papers, Richard Honig, who was put in charge of Cloudeeva's operations as chapter 11 trustee in February, urged Judge Kathryn Ferguson to set an April 7 auction soon. Through his lawyers, Honig said that the company's business has "continued to erode" as employees worry about their jobs and as customers wonder "whether the [company will] remain a reliable source of staffing."