Navarre Corporation
| File:Navarre.png | |
| Public | |
| Industry | Computer products distribution and publishing |
| Fate | Reincorporated into Speed Commerce |
| Founded | 1983 |
| Founder | Eric H. Paulson |
| Defunct | 2013 |
| Headquarters | New Hope, Minnesota, United States |
|
Number of employees
|
648 |
| Subsidiaries | Encore, Inc. BCI |
Navarre Corp. was a public distribution and publishing company founded in 1983 by Eric H. Paulson.[1] The company is headquartered in New Hope, Minnesota. Navarre owns two subsidiary companies: a software publisher, Encore, Inc.; and a distributor, Navarre Entertainment Media; The company formerly offered niche films through BCI Home Entertainment aka BCI Eclipse Company (formerly Brentwood), but this division was closed in a 2008 re-structuring due to the recession, after 2 years of being unprofitable.
In June, 2005, Navarre determined that its financial statements for 2004, and the first and third quarter of 2005 should be restated, because expenses related to the incentive-based deferred compensation of the Company's CEO was recorded in the wrong quarter.[2]
Contents
Acquisition and Sale of Funimation Entertainment
In May 2005, Navarre acquired Funimation Productions.[3] After the sale, Funimation Productions changed its name to Funimation Entertainment. Then in April 2011, Navarre sold Funimation to a group of investors including Funimation co-founder Gen Fukunaga.[4]
Merger with SpeedFC and name change to Speed Commerce
On September 28, 2008, Dallas-based SpeedFC agreed to merge with Navarre for $50 million in cash and stock. The merger closed in 2013, the company changed their name from Navarre Corporation to Speed Commerce afterward.
On July 9, 2014, Syracuse NY based Wynit Distribution LLC acquired Navarre Distribution Services and Encore from Speed Commerce.
References
External links
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- Companies based in Minneapolis, Minnesota
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- Companies disestablished in 2013
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- United States media company stubs
