Steelbox and Netversant go under

Steelbox was foreclosed on by its bank, and Netversant sought Chapter 11 protection.  Netversant's demise must have been due to poor management decisions, because the concept was timely.  Steelbox's main problem was that the product was too damn good.  Customers who bought one or two would never need another box.

Anybody want to pitch in to help me buy the assets?  Could be fun. 

  1. Paul/Griffon Systems
    November 22, 2008 at 3:17 pm | #1

    Anixter takes a big hit with Netversant going under to the tune of 22 mil
    i’ve got a crisp $20 to put in the pot for steelbox

  2. Mica Millbach
    November 25, 2008 at 1:09 pm | #2

    Ugh! It’s a conspiracy. Steelbox had a fresh spin on the network based video architecture. Sorry to see them go. Hopefully the guts are sold to a company that can bring it to market.
    Who should take their place on the short list? Where can we look for the high performance “virtual matrix”? Will it be IP based or will it be an HD version of the traditional matrix switcher?
    -mica

  3. Doug Plucker
    December 19, 2008 at 3:31 pm | #3

    Steelbox’ product was garbage. The New York City Transit Authority purchased 36 of these units along with a DMSS for each, and had nothing but problems. After a multitude of firmware updates, visits by their field engineers, and failures in the field, they wished they had gone with another vendor such as Nice or Teleste. It is not surprising that the company is now closed.

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