Visiphor gets demand for payment

By Devika Patel

Knoxville, Tenn., Nov. 25 - Visiphor Corp. has received demands for payment and notices of intention to enforce security from Quorum Secured Equity Trust and Quorum Investment Pool Ltd. Partnership, according to a press release.

After 10 days, Quorum will be able to enforce its security against Visiphor assets. The company and Quorum are negotiating a possible standstill agreement in which Quorum will hold off on exercising any rights during the standstill period.

Vancouver, B.C.-based Visiphor develops software for business-process and database management.

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