Title

Clareon, a Portland-based business payment service, filed for bankruptcy and wi

Authors

Sean Donahue

Source

Mainebiz

Date

11-25-2002

Pages

1, 10

Abstract

Clareon, a Portland-based business payment service, filed for bankruptcy and will sell its assets to FleetBoston. Its situation mirrors the rise and falls of many Internet-based companies. Analysts say it didn't sign up enough customers to create a sustainable business before the economic downturn dried up venture capital. Details.

Subjects

Bankruptcy, Electronic commerce, Clareon Portland

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