Double-digit growth. Off-the-chart market valuations. The promise of wealth beyond imagination.

These were the hallmarks of the "new economy", one that planned to take high tech companies directly from the incubator and turn them into the powerhouses of the future. However, that was before the markets returned to reason, sending those high tech wonders from the incubator to the respirator.

At least, that's what happened to itemus inc., a company that helped build and manage innovative business models for the Internet. Despite being listed on three major stock exchanges, employing over 300 people in Canada and the USA, and boasting more than 30 companies in its portfolio, itemus suffered from staggering operating losses. When its much-needed cash reserves could not be replenished, the company – like many in the sector – chose to file for bankruptcy and did so with Farber Financial Group.

Since technology companies like itemus have few tangible assets, their insolvency presented some interesting challenges. Especially when the greatest value within the company existed in the form of intellectual property and human capital. The solution, in this case, revolved around finding strategies to retain the talent and motivate them to bring new ideas to market and/or continue servicing customers' complex needs.

That's why it's so important to turn to professionals who have expertise in dealing with the insolvency of high tech companies. At Farber Financial Group, our team has the proven ability to assess the strengths and weaknesses of companies in this sector. This enables us to quickly execute strategic plans that have seen us successfully restructure and facilitate the sale of numerous high tech companies. In short, by breathing new life into these businesses, we can help take them off the respirator.