Bank Shuts Down Local Online Advertising Company WebVisible For Not Paying Debts

Local interactive advertising firm WebVisible has shut its doors. According to a note sent from the company's CEO to employees, WebVisible ran out of cash, and Silicon Valley Bank is shutting the company down. WebVisible's software allowed advertisers to manage local online campaigns on Google, Yahoo, Bing and others. The company's services were offered directly affiliate partners to local businesses, franchisors, and national advertisers Previous WebVisible partners include AT&T, British Telecom, Yellow Pages Group of Canada, EarthLink, and The McClatchy Company, among others.

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