The New York based technology and consultancy company Scient has filed for bankruptcy and has also agreed to sell its assets to SBI and Co. of Salt Lake City. The company has said that it expects the US Bankruptcy Court to accept its Chapter 11 filing by October. Scient will eventually disband its business activities and SBI will gain control of the company’s assets.
Scient is the latest in a series of technology consultancy companies to fall into difficulties. Companies such as Etensity and marchFirst both filed for Chapter 11 bankruptcy this year, while Viant Corp. was acquired by divine.