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Newmerix may have shut down


Colorado based Newmerix, a specialist in change management solutions specifically designed for SAP, Peoplesoft and Oracle E-Business applications has closed its doors, according to an unconfirmed tip received by The Inquisitr.

According to the tip from a former employee, Newmerix laid off its entire workforce this afternoon. Employees were not offered severance and many were not paid Q3 bonuses that were owed to them. The closure is alleged to have been caused by IDG, Mobius and Siemens declining to continue funding the business, and Silicon Valley Bank has seized the company. The tipper claims that the doors are now locked on the companies office.

This is an unconfirmed tip at this time. We’ve rung every single number we could find for the company, and were unable to find anyone on site. The 24 hour emergency help support isn’t answering either, suggesting that there may be some truth to the tip. We did punch numbers into the switch at random, and eventually found an employee who was “on vacation” and knew nothing about the closure, but he did say that he hadn’t been in contact with the office as well.

If we can confirm it later, we will update the post. The tipster notes that the only likely way to confirm it will be in the morning when customers can’t contact anyone at the company.











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One Archived Response to “ Newmerix may have shut down ”

  1. The newmerix website confirms this:
    Newmerix Corporation entered into an Assignment for Benefit of the Creditors with Newmerix (Assignment for the Benefit of Creditors), LLC on November 7, 2008. Pursuant to the Assignment and with the consent of Newmerix’s secured creditors, Assignor transferred its rights in all of its assets to Assignee for liquidation. Please note that with the exception of the relationship created by the Assignment, and despite their similarity in name, Assignor and Assignee have no corporate affiliation to each other.