Hale Global and QL2 Software, Inc. Win Joint Plan of Reorganization
August 12 2010
On August 12, 2010, the United States Bankruptcy Court Western District of Seattle at Washington ordered confirmation of the joint plan of reorganization by an investment affiliate of Hale Global and QL2 Software Inc. The transaction is scheduled to become effective August 27, 2010. The new company will operate under the name QL2 Software, LLC and be headquartered in Seattle, Washington.
The reorganization results in payment in full of all allowed creditor claims, consideration for equity holders, and exit financing to support the capital growth requirements of QL2.
About QL2 Software
LLC QL2 is the industry leader in providing services and technology for near real-time pricing and product data from unstructured sources such as the Web. With over 200 customers across more than 35 countries, "QL2data" drives better business decisions and increased revenue. QL2's customers include 7 of the top 10 global airlines, 5 of the top global online travel agencies, and Global 100 energy, car rental, retail, pharmaceutical and life science companies.
About Hale Global
Hale Global is a technology holding company with offices in Boston and New York. Hale Global partners with leading companies and their management teams to invest in and manage businesses facing operational or strategic inflection points. For special situation investments, we believe no firm is faster and more reliable than Hale Global in structuring and closing mutually beneficial transactions. Hale Global has an 8-year track record growing technology businesses into great companies using capital and operational skills. More information about the firm can be found at www.haleglobal.com.