Xceligent founders abandon plans to launch new data business


Xceligent founders abandon plans to launch new data business


Xceligent trustee allegedly threatened legal action over noncompete

UPDATED, Jan. 9, 12:17 p.m.: Doug and Erin Curry abandoned plans to launch a new commercial real estate data company, citing the specter of legal action by the trustee of their former employer, Xceligent.

“Doug and Erin have been notified by the Trustee in the Xceligent bankruptcy that it intends to vigorously enforce our 2012 agreements that include nonsolicitation and noncompete language” Erin Curry wrote in a statement shared with former employees and customers via Facebook and email that was reviewed by The Real Deal. “We are concerned with the risk and cost of pursuing the Intrepid CRE Initiative at this time and have decided not to go forward.”...



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RSK: And on that note as Bugs Bunny and Porky Pig would say "That`s All Folks"! Honestly, I do not know why the brokers do not get together and create their own data base and reap the rewards themselves. We wouldn`t have this mess if they did.

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