Security software maker Ortega files for bankruptcy
Ortega Infosystems, provider of IP surveillance video systems, just filed for Chapter 7 bankruptcy protection, according to VentureWire. The Fremont, Calif.-based company seems to have been shuttered for a while now (its website has already been dismantled) and reported only $50,000 in assets and up to $100,000 in liabilities at the time of the filing.
Its previous investors included Harbinger Venture Management and Sycamore Ventures. Ortega last raised funds in December 2002, bringing in $11.8 million in a third investment round. That bumped its total capital to $20 million.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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