July 21, 2017 5:08 AM ET

Software

Company Overview of Ubiquity, Inc.

Company Overview

Ubiquity, Inc., a multimedia company, focuses on the intersection of cloud-based cross platform applications synchronized across various screens for enhancing the digital lifestyle. Its enterprise platform enables brands to capture, engage, manage, and monetize their users. The company offers Sprocket platform, multiscreen as a service engagement platform that enables seamless navigation, immersive content interaction with a convenient interactive dashboard automated processes, and point-and-click simplicity, as well as provides a back end database that intelligently collects opt in application user information. It also provides GiftSender, a mobile wallet; Monkey Bars, a social mobility dis...

9801 Research Drive

Irvine, CA 92618

United States

15 Employees

Phone:

949-489-7600

Key Executives for Ubiquity, Inc.

Co-Founder, Interim CEO & Chairman
Age: 64
Total Annual Compensation: $545.7K
Co-Founder, Senior Executive VP of Intellectual Property & Transmedia and Director
Age: 63
Total Annual Compensation: $268.0K
Chief Financial Officer
Age: 35
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2015.

Ubiquity, Inc. Key Developments

Ubiquity Inc. Wins Victory in $7.7 Million Default Judgement in Illinois Federal Court

Ubiquity, Inc. announced that United States District Judge Elaine E. Bucklo of United States District Court for the Northern District of Illinois Eastern Division issued an order in case number 16 C 5698 vacating the default judgment previously entered into in the case of Gerald D.W. North VS Ubiquity, Inc. et al and the case against Ubiquity was dismissed for lack of personal jurisdiction over defendant Ubiquity. The $7.7 million Default Judgement in favor of Gerald D. W. North, previously entered against Ubiquity is now vacated and the case is dismissed for lack of personal jurisdiction as ordered entered by United States District Judge Elaine E. Bucklo.

Ubiquity, Inc. Auditor Raises 'Going Concern' Doubt

Ubiquity, Inc. filed its 10-K on Jun 23, 2017 for the period ending Dec 31, 2015. In this report its auditor, Hall & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Ubiquity, Inc. Appoints Christopher Carmichael as Interim Chief Executive Officer

Effective June 20, 2017, Mr. Christopher Carmichael was appointed interim Chief Executive Officer of Ubiquity, Inc. Mr. Carmichael replaces Nicholas Mitsakos who resigned in August of 2016. Mr. Carmichael was the President and Chief Executive Officer of Ubiquity Broadcasting Corporation (Ubiquity, Inc) from May 20, 2009 to June 9, 2016. On September 30, 2006, Mr. Carmichael was employed by Ubiquity Holdings to be the Creative Director, and when Ubiquity Holdings became Ubiquity Broadcasting Corporation in February of 2007 he remained as the Creative director until taking the position of President and CEO.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 31, 2017
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