GoBackTV.com snares Com21 video assets
GoBackTV.com, a California-based start-up with ties to the remaining tidbits of Com21 Inc., has stepped up to purchase the bankrupt vendor's digital video assets for an undisclosed sum.
Com21, which filed for Chapter 11 in July, originally wanted to use those assets to fuel an eventual comeback. The company's creditors opposed the idea, however, and Com21 subsequently completed its shutdown earlier this month.
Still, a portion of Com21's legacy will live on at GoBackTV.com. A number of former Com21 executives have joined the startup. Among them, Dave Baran, who served in several key exec roles during his tenure at Com21, is heading up the new company.
Little is known at this point regarding GoBackTV.com's specific plans for cable and other broadband sectors. The company's Web site offers little more than a corporate logo, an address and a map to its offices in Menlo Park. Company officials were not immediately available for additional comment.
Before shutting down, Com21 was able to unload the majority of its businesses and assets. Arris purchased its cable modem termination system (CMTS) assets and its Ireland-based R&D subsidiary for about $2.8 million. Taiwan-based firm CastleNet Technology inked a deal to license Com21's DOCSIS and EuroDOCSIS cable modem technology, and, according to the last vestiges of Com21's Web site, Ireland-based HS Data Solutions stepped up to buy and support Com21's ATM-based ComUNITY-branded high-speed data assets.