Digital design and engineering firm Aricent Holdings Luxembourg is angling to buy child-locator-technology company FilipTechnologies Inc. out of bankruptcy, the Wall Street Journal reported today. If successful as the stalking-horse bidder in Filip’s bankruptcy auction, Aricent will acquire Filip’s intellectual property, databases and proprietary software for $475,000 in cash plus liabilities, according to bankruptcy court papers filed yesterday. Filip creates colorful child-appropriate wristband phones and tracking devices that keep parents informed of their children’s whereabouts. The system incorporates an emergency alert that notifies parents if their child has left a designated safe zone. The company is named for founder Sten Kirkbak’s son, who wandered off in a crowded shopping mall when he was 3 years old, according to the company’s website.
