• Home  / 
  • Account Wins
  •  /  Ariad Communications Files For Bankruptcy, Layoffs Entire Staff [Update]

Claim your Media Relations Award today! »

Ariad Communications Files For Bankruptcy, Layoffs Entire Staff [Update]


Unfortunately 60+ staff members of Toronto-based Ariad Communications found themselves locked out of the company’s office last Monday morning and greeted to a notice stating the company had been filed for bankruptcy and immediately shut down.

Ariad was acquired by High Road Capital back in July 2015 for an undisclosed sum, and had good growth over the last two years despite being faced with some turn over problems.
Ariad Communications
Some have speculated Ariad’s closing is due to the drastic changes we have been seeing within the advertising industry over the last few months, but we have confirmed the staff were not given advance notice, nor were they provided compensation packages.

Update: We reached out to the BlueSpire & High Road Capital for comment.



Recommended Vendor program brought to you by The Connected One.

Reshift Media is a digital marketing agency that works with companies worldwide to design and develop web/mobile sites, conceive and execute innovative... Learn more about Reshift Media visit their profile in The Connected One's Marketplace.

Want to become a recommended vendor? Let's get your company in the program!