Two Agencies in the West go down: What’s happened to those clients?
Steve’s breakdown: We hate to see this sort of thing but it’s our job to report these types of stories. So . . . Faction Media & Factory Design Labs ad agencies in Denver have closed and it’s a wonder where thier clients went. The first two I’d go after is Hitachi and Avaya.
DENVER, CO: Denver, Colorado-based agency Faction Media, which opened in 2005 and specialized in “demand creation” for B2B clients, closed this week after 12 years in business.
According to two parties familiar with the matter, the company is filing for bankruptcy after losing multiple unspecified accounts.
The source who alerted us to the news also states that Faction owes back pay to both employees (estimated at more than 50 on its LinkedIn page) and vendors.
An email to Faction’s PR line bounced back, and founder David Greves has not responded to another note. Calls to the company’s general number and those of its executives went unanswered today.
Faction, which called itself “the demand generation agency,” created campaigns for clients such as Hitachi and Avaya and won a series of local awards during its 12-year tenure including, most recently, from the Business Marketing Association of Colorado.
Earlier this year, another longstanding Denver agency called it quits as Factory Design Labs shut its doors after more than two decades in business.
Faction’s most recent social media posts concerned the aforementioned awards event in May. We will update this post if we receive more information.