To protect the value of its company, BuildNet Inc. filed for reorganization under Chapter 11 of the Bankruptcy Code. BuildNet, along with six of its subsidiaries, was severely impacted by a difficult capital market and by debt it incurred with a roll-up of its constituent companies. NxTrend, BuildNet's wholly owned subsidiary, was not included in the filing.
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As electronics continue to become smaller, faster, and more affordable, more and more contractors are investing in fleet-management solutions that help reduce their technicians’ time on the road, improve productivity, save gas, and protect these major assets from misuse or theft. Read more stories in 2017 April Issue.