OpenWeb, an Israeli technology company that develops platforms for managing communities and discourse on content sites and also operates in digital advertising, has filed an urgent request with the Tel Aviv District Court seeking the appointment of a temporary trustee, a stay of proceedings, and an injunction prohibiting the disposition of its assets, Calcalist has learned.
The company, founded in 2012 as Spot.IM, employs staff in Israel and abroad and operates through subsidiaries around the world. The filing follows severe cash-flow difficulties and a widening gap between revenue and expenses that has left the company unable to meet its ongoing payment obligations.
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OpenWeb team in 2021.
(Photo: OpenWeb)
In the petition,…