Sale of Explainer DC to Facing Facts
Following the receivership (“surséance”) of RealTime Companies, the subsidiary of the quoted RT Company N.V. (formerly known as ‘Newconomy’), PhiDelphi Corporate Finance was appointed by the receiver to sell the distressed assets. In a process of seven days PhiDelphi managed to sell Explainer DC to Facing Facts, a fast growing interactive marketing services company.
Facing Facts is active in the development and management of company critical solutions based on Internet technology. Facing Facts is headquartered in Amsterdam and offers besides the development of websites, extranet, intranet and tailor-made solutions like connections with back-end systems also solutions for hosting, management and 24×7 support for secure environments.