Case Study: cielo24 closes responsibly and preserves asset value with SimpleClosure

cielo24 sells assets for mid-six figures with SimpleClosure

cielo24, an AI and transcription company founded in 2012, faced the difficult decision to shut down after losing profitability and its largest customer. The traditional process of an Assignment for the Benefit of Creditors (ABC) was too expensive, and the mechanics of closing the company were overwhelming for the team. The customer turned to the vendor SimpleClosure for assistance with the shutdown process.

SimpleClosure provided a structured yet empathetic approach to the wind-down, offering a clear framework and a real team for support instead of a generic automated solution. The solution from SimpleClosure allowed cielo24 to manage the complex process responsibly, which unexpectedly led to the sale of the company's valuable data assets for a mid-six-figure sum. This outcome preserved value for creditors and ensured that cielo24's work continued to have a legacy.

cielo24