Veritas-Backed Software Firm Anthology Files for Bankruptcy

Anthology Inc., a software company backed by Veritas Capital, has filed for Chapter 11 bankruptcy in the United States. The company, which provides education software solutions, made this decision after failing to sell the company or parts of its business outside of court protection. The bankruptcy filing comes as Anthology faced financial difficulties, leading to the company's inability to secure a successful sale or restructuring. Veritas Capital, the private equity firm that previously invested in Anthology, was unable to find a buyer or alternative solution to keep the company afloat. The bankruptcy proceedings will allow Anthology to restructure its operations and finances in an attempt to emerge as a more sustainable and viable business. The company's customers, employees, and stakeholders will likely be impacted by the bankruptcy filing, as the company works to navigate the reorganization process.