L-Soft International Emerges Successfully from Chapter 11 Protection
LISTSERV® Software Development and Customer Support Continued Throughout; Company Now Creating New Service for Small Businesses
Landover, MD (May 4, 2010) – L-Soft international has emerged from Chapter 11 protection. The U.S. Bankruptcy Court for the District of Maryland has ordered the case closed (Case 07-12173). Effective April 27, this final decree in the case confirms that the reorganization plan approved by the court last year is fully administered, concluding the software firm's Chapter 11 proceedings.
L-Soft international has continued normal business operations since its petition, filed three years ago to help resolve protracted litigation. L-Soft international's parent and sister companies in Sweden, Germany and the UK were dismissed from the litigation and had not been subject to any bankruptcy proceedings. The reorganization plan included a final settlement of the litigation.
Eric Thomas created LISTSERV® in 1986, launching the opt-in email list communications industry. The current version, LISTSERV 16.0, released at the end of last year, introduces an innovative HTML newsletter template system. L-Soft's licensed and hosted solutions also include LISTSERV Maestro email marketing and analytics software. The products are scalable, enabling a wide range of businesses, government agencies, non-profit associations and academic institutions to engage customers, members and stakeholders with personalized and relevant email newsletters, announcements, discussion groups and online communities. Later this year, L-Soft will introduce an email marketing service built on LISTSERV Maestro with a focus on entry-level users.
Additional information on the case is available at:
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L-Soft, which was incorporated in 1994, is the exclusive provider of LISTSERV® brand email list management software, email marketing software and email list hosting services for managing email newsletters, discussion groups and marketing campaigns. L-Soft's pioneering LISTSERV® email list management software products serve more than 100 million list subscriptions. L-Soft is ranked among the top 10 workplaces for gender equality in a 2009 survey by Veckans Affärer (Swedish Business Week), a leading business journal.
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