What's News In The Channel?

From a major Chapter 11 filing, to a key acquisition by a solution provider, to stronger cloud revenue numbers from a major vendor, here's a look at five big stories from CRN.com last week that are of interest to solution providers.

$25.5 million

Money that solution provider Lumenate said it owed Avnet Technology Solutions, according to documents it filed recently with the U.S. Bankruptcy Court for the Northern District of Texas. Lumenate – No. 148 on CRN's Solution Provider 500 – filed for Chapter 11 bankruptcy protection 12 years after it and distributor Avnet struck up a business relationship. But things changed after this year's acquisition of Avnet by Tech Data. Following that deal, the distributor cut off its vendor financing to Lumenate, stopped selling or shipping it equipment, and refused to engage in further business activity, according to a creditor's filings after Lumenate filed its Chapter 11 petition.