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Integrated Solutions Offering

Hilco Streambank Overseeing Intangible Asset Sale of StackPath Edge Computing and Infrastructure as a Service (IaaS) Technology Company | PR Newswire [Video]

Bid Deadline: February 19, 2025

, /PRNewswire/ — Hilco Streambank announced it is seeking offers to acquire the patents, proprietary software, domain names, and trademarks of edge computing and infrastructure as a services (IaaS) technology company StackPath.

The deadline for submission of binding bids is February 19, 2025.

Founded in 2015 by the founders of SoftLayer Technologies (acquired by IBM in 2013), StackPath is a cloud computing platform that provides IaaS with a focus on advanced edge computing technologies. StackPath propelled its capabilities, customer base, and competitive positioning through numerous strategic acquisitions.

The company generated $79 million in revenue in FY23. The edge computing segment alone generated $33 million in revenue from September 2023 through June 2024. Despite this commercial success, StackPath still faced industry-wide headwinds that hindered efforts to scale, as well as unavailing capital markets, all of which led to its need to file an assignment for the benefit of creditors.

Hilco Streambank Senior Vice President and head of …

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