Storage company Drobo has filed for Chapter 11 bankruptcy
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Thunderbolt and longtime network storage company Drobo filed for Chapter 11 bankruptcy in late June and will hold their first meeting of creditors on July 17.
First established as Data Robotics in 2005, Drobo has manufactured solutions for remote and network storage. Parent company StarCentric filed bankruptcy papers with the California Northern Bankruptcy Court (San Jose) on June 20, 2022.
According official court documentationthe company is due to hold its first meeting of creditors on July 19. There is also a deadline for filing claims against the company, which is October 17, 2022.
The company has not publicly commented on the decision. However, the company seems to have been hit hard by the coronavirus. In February 2020, the company tweeted about production delaysand in March 2020 its CEO Mihir Shah raised concerns about how the coronavirus would affect the company.
“We are in close contact with all of our suppliers and are trying to mitigate the impact of any delays in the supply chain,” he wrote in a statement. blog post.
There have been no further blog posts since then. Drobo Support has not tweeted in over a year, and the main Drobo Twitter account has been silent since December 2021.
The company also doesn’t appear to have made an announcement regarding Apple Silicon support since. November 2020.
However, a Reddit user reports that Drobo support said the company won’t be shutting down.
“The restructuring process will allow us to continue to serve our customers and partners and make the necessary investments to achieve our strategic goals,” the Reddit user said. quotation. “StorCentric has concluded that the voluntary reorganization of Ch 11 is the best way to repair our balance sheet and we will remain fully functional during the restructuring process.”
Drobo’s US and European online stores are currently both showing each product sold out.
Filing Chapter 11 involves the company attempting to reorganize and resume operations at some point. It is not yet known what the reorganization will look like, or the extent of the demands from creditors.