Game monetization firm has for Chapter 11 bankruptcy protection this week, but in an interview, CEO Jon Radoff said the company still plans to operate.
Radoff said the company hopes to go through a quick bankruptcy process and clean up its balance sheet so it can continue its work handling server and monetization tasks for game developers.
“We are not shutting down,” he said in an interview with GamesBeat. “We are keeping our employees and last month was the best month we had as Beamable.”
The Framingham, Massachusetts-based , formerly known as Disruptor Beam, filed in U.S. Bankruptcy Court in Worcester, Massachusetts, saying it had $3.4 million in liabilities and $637,987 in assets. The creditors include a venture fund that is owed $1 million; Silicon