Online meeting and attendee management provider Event411 is out of business. The Marina del Rey, Calif.-based company, which had earned the high-profile job of providing online registration for the Democratic National Convention in 2000, as well as a prestigious client list that included Verizon, Philip Morris Management Corp., Dell, J.P. Morgan Chase, Fluor Corp., and Barclays Global Investors, went into foreclosure in mid-July and shut down for good August 15.
The company's primary creditor, Quincy, Mass.-based online housing provider Passkey, “took possession of Event411's registration technology and some of the company's fixed assets as repayment for debts,” according to a mid-August statement, clarifying that Passkey did not acquire the company. “After thorough due diligence … it was determined that maintaining and servicing the technology as it currently exists was not a financially viable option,” the statement said.
After a one-month period, allowing customers to transition to other registration technologies, Passkey shut down Event411.