Steven R. Gerbsman, Principal of Gerbsman Partners and James Skelton, a member of Gerbsman Partners Board of Intellectual Capital, announced today their success in maximizing stakeholder value for a technology company that has been the leading provider of archival storage technology to the global IT market.

Gerbsman Partners provided Crisis Management leadership, facilitated the sale of the business unit, associated Intellectual Property and assets and recovered substantial receivables. Due to market conditions, the senior lender made the strategic decision to maximize the value of the business unit and Intellectual Property. Gerbsman Partners provided leadership to the company with:

• Crisis Management and Technology experience in developing the strategic action plans for maximizing value of the business unit, Intellectual Property and assets;
• Proven domain expertise in maximizing the value of the business unit and Intellectual Property through a targeted and proprietary Date Certain M&A plan;
• The ability to "Manage the Process" among potential Acquirers, Lawyers, Creditors Management and Advisors;
• The proven ability to "Drive" toward successful closure for all parties at interest.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property. In the past 60 months, Gerbsman Partners has been involved in maximizing value for 51 Technology, Life Science and Medical Device companies and their Intellectual Property and has restructured/terminated over $770 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception, Gerbsman Partners has been involved in over $2.2 billion of financings, restructurings and M&A transactions.

Gerbsman Partners has offices and strategic alliances in Boston, New York, Washington, DC, San Francisco, Europe and Israel.