Veritas-Backed Software Firm Anthology Files for Bankruptcy (3)

Anthology Inc., the Veritas Capital-backed education-software provider has sought Chapter 11 bankruptcy protection in the US after a failed attempt to sell the company or parts of the business outside of court protection.

The company filed for Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas, according to a statement on Tuesday. It listed assets and liabilities of $1 billion to $10 billion each in its petition, court documents show.

As part of the process, the firm will focus on its core teaching and learning business, which will be recapitalized with at least ...