Last week, Open Box Technologies put itself on the auction block, setting up a one-week eBay (s EBAY) auction to sell all of the technology and infrastructure related to its SesameVault online video management platform. And though that auction ended yesterday without any bids, Open Box CEO Cameron Brian said the company is satisfied with the interest the auction generated and confident that it will find a buyer in the next few weeks.
Brain said in a phone interview that over the past week, Open Box Technologies has heard from 11 different companies that have shown an interest in acquiring it. Open Box is now in due diligence discussions with six potential acquirers, Brian said. “It became clear after a few days that no one was going to bid on the eBay auction, but it truly was a great lead generation mechanism,” he told me. “In part, we achieved what we set out to do, which was to attract companies that we hadn’t identified as buyers.” So what’s next? Read More about SesameVault eBay Auction Ends Without a Buyer