Over the past several weeks we've been aggressively evaluating our options for the company. We have concluded that the most responsible action at this time is to file for Chapter 11 Bankruptcy protection for our US entity.
Today we are announcing that we have filed for bankruptcy protection and that we have sold several more business units, including McKinney & Silver and our Salt Lake City office, and have closed on the sale of our SAP practice and VAR business to divine, Inc.
The sale of other business units is still pending and we are working to close those transactions in the next few days. In order to meet the requirements of those transactions, we will be reducing additional staff. Your Office Managing Executive will be communicating with you regarding how this impacts you and your office.
This has been a very difficult time for all involved and I am sure that you have many questions right now. You will be hearing more from me and/or your local management team in the next few days.