Xceligent executive chairman Frank Anton and DMGT CEO Paul Zwillenberg (Credit: Hive for Housing, Twitter)

 

BLUE SPRINGS, Missouri- 300 workers are now unemployed after a commercial real estate records company has shuttered in the Kansas City area. Staff members  at Xceligent’s Blue Springs, Missouri, headquarters were abruptly notified Thursday that the company had failed and was seeking bankruptcy protection. The Sedalia location also closed at a cost of around 50 jobs.

All Xceligent employees  received the termination email around 4 p.m. from acting Chief Executive Officer Jody Vanarsdale.

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Brendon Lee posted the following to Facebook in reaction:

“So, when Mason was just 3 months old, I started a new career with Xceligent. Now, I sit with my 5 year old because the company I have had the pleasure of working for, closed its doors on us yesterday. Sent us an email saying we had 30 minutes to gather our things and get out. 5 years, ended in 30 minutes. It was truly emotional to say the least. The experience I gained, the people I met, relationships I built, I will never forget. We were a family. I wish the hundreds of people affected by this the very best! During the holiday, keep your loved ones close and heads high. Life is good and the universe will take care of us. Together we march forward.

Love you guys!”

Email sent to Xceligentemployees

Dear Xceligent Staff,

“I am writing to inform you that, regrettably, the Xceligent Board has decided to file for chapter 7 liquidation.

Effective immediately, Xceligent, Inc. has ceased all operations and as a result, all employees of Xceligent, Inc. are separated from employment effective immediately. Xceligent, Inc. is currently in the process of filing for protection under chapter 7 of the United States Bankruptcy Code. A chapter 7 trustee will be appointed who will take possession of and administer Xceligent, Inc.’s assets.

You should have received your regular payroll through the date of this filing. At this point all employees should pack up their personal belongings and exit the building within the next thirty minutes. Once you depart you will not be able to re-enter the building, so please make sure you have all of your belongings. All information technology access is currently being terminated, so employees will no longer have e-mail access or system credentials.”

According to The Real Deal  CoStar sued Xceligent last December, alleging copyright infringement and claiming the rival commercial property database stole its images. Xceligent hit back in June, filing an antitrust lawsuit against CoStar, the report said.  Doug Curry, Xceligent’s founder and CEO, led the legal crusad, but in October, Xceligent’s parent company, Daily Mail and General Trust (DMGT), fired him, citing disappointing revenue growth.

Earlier this week, the Wall Street Journal reported that settlement talks between CoStar and Xceligent had broken down. See that report here.