Diversinet Corp. (“Diversinet”) developed, marketed and distributed mobile security infrastructure solutions and professional services to the health services, financial services and software security marketplaces. Diversinet completed a sale of its business and assets leading to its commencement of Court-supervised winding-up proceedings under the Ontario Business Corporations Act.
As Liquidator appointed pursuant to Diversinet’s plan of liquidation and distribution, we administered a Court-approved claims process, resolved litigation claims and successfully dealt with tax issues resulting in the issuance of federal and provincial clearance certificates. We made distributions to Diversinet’s shareholders which exceeded Diversinet’s estimates.