IP telephony equipment maker Nx Networks said it was seeking appr...
IP telephony equipment maker Nx Networks said it was seeking approval from U.S. Bankruptcy Court, Alexandria, Va., to sell its business at auction. Company Nov. 1 filed for protection under Chapter 11. Nx Networks had received letter of intent…
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offer for its assets from Nsdata.com, with preliminary valuation of more than $2 million, company said. It also sought approval to retain investment bank RCW Mirus to oversee bankruptcy auction. Company said it would continue to “fully support” customers. Nx Networks’ IP telephony products include toll bypass, voice VPN, Internet access, packet data equipment.