Quirky filing for bankruptcy

quirky office downtown schenectady exterior 2014 November

Quirky's office on State Street in Schenectady.

Updated

Quirky -- the consumer products invention company with a large office in downtown Schenectady -- announced Tuesday morning that it's filing for bankruptcy, and says it's working to "facilitate a sale of substantially all of its assets." [Quirky]

The company's office in the City Center building on State Street in downtown Schenectady has served as a customer service operation for Wink, a service for connecting "smart home" appliances (Quirky spun off Wink as it own company). So here's the key local part of the bankruptcy announcement:

With respect to assets related to the business of Wink, Inc., the Company has entered into an agreement with Flextronics International USA Inc. for the sale of certain assets at a purchase price of $15 million. The sale will be subject to higher or otherwise better offers. The Company will look to conduct an auction, if other bids are received, and will be seeking court approval to have the sale close within approximately 60 days. The bankruptcy filing does not impact the Wink experience for users nor how Wink operates day-to-day. Wink's engineers and designers will continue to enhance the Wink platform to provide new, meaningful ways for customers to interact with their smart home. The Wink HUB and Wink Relay will continue to be available at The Home Depot and Amazon. Wink's customer support team will continue to provide the same quality assistance.

Patrick Mahoney, a PR manager for Wink, said today via email that "the Schenectady team is not impacted by this process." And though the company doesn't share office-by-office numbers, he said that Wink overall has 80 employees.

David Buicko of the Galesi Group, which owns the City Center building, told the Daily Gazette today he's confident Wink will stay in Schenectady. [Daily Gazette]

When Quirky's arrival in Schenectady was announced in March 2014, it was touted as A Big Deal that would bring attention and jobs to the city. But there have been rumblings since this past spring that the company was in serious trouble. And this summer founder Ben Kaufman publicly admitted the company was essentially out of money -- he left the company shortly after that. And the word out of the Schenectady office was that things were very shaky (though the company still bought an $8,000 ice cream machine). [Business Insider] [Fortune] [NY Mag] [Daily Gazette]

Earlier on AOA: What is this Quirky in Schenectady?

Comments

Quirky

I bought a lot of stuff from them last holiday season. Very cool products but oh man, they could not get their act together in the order fulfillment department. Everything arrived *super* late and not...accurate to the order. That being said, I hope they get things sorted out, refocus, and stay in business in Schenectady. I want to keep seeing people's funky inventions make it to market!

Some of Quirky branded things can now be found at Marshall's for super cheap.

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

Dylan Ratigan has jumped into the pool of challengers to Elise Stefanik

The Congressional elections this fall will be a big and important story as the Democrats try to take a majority in at least one of... (more)

Siena Hip-Hop Week 2018: Masta Killa

Siena's annual Hip-Hop Week returns in March. And this year's keynote speaker is Masta Kill from the the Wu-Tang Clan -- he'll be at the... (more)

Imagine Dragons at SPAC

The latest pop concert announcement for SPAC: Imagine Dragons on June 29. Tickets go on sale March 3 -- they're $35 (lawn) and up. (There's... (more)

What's up in the Neighborhood

Among the topics in this most recent spin around the Capital Region's online neighborhood: frustration and the unfortunately predictable cycle, Thacher Park, Will Hicok Low,... (more)

Courtney Barnett at MASS MoCA

Indie rock singer/songwriter Courtney Barnett is set to play a show at MASS MoCA July 12. Tickets go on sale this Friday, February 23 --... (more)

Recent Comments

Definitely needs a mural. Another spot that is begging for one is the Delaware Ave Price Chopper in Albany. The side along Elm St is a huge gray wall that takes up most of the block!

Big downtown residential project approved (again), street ownership intrigue, and other exciting tales of the Albany Planning Board

...has 4 comments, most recently from BC

Morning Blend for Feb 21

...has 1 comment, most recently from Jackers

Gawking at the ceiling of the Smith Building

...has 6 comments, most recently from Ann

William Shatner at Proctors

...has 1 comment, most recently from Mike

No one asked, but...

...has 11 comments, most recently from Greg