Industry News

Virtual tour pioneer files for bankruptcy

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Ipix, a pioneering imaging company that offered tools for online virtual tours of homes, has filed for bankruptcy. The company, created in 1986 by engineers from a federal research lab in Tennessee, rode the dot-com rollercoaster and was slammed by the tech crash. The company's 360-degree virtual tour technology won favor in the real estate industry, and as of 2000 Ipix had relationships with major real estate Web sites including (now,, Yahoo! Real Estate and In more recent years the company had banked on the use of its imaging technology for the security sector. On July 31 the company filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court's Eastern District of Virginia. "In connection with the filing, the company has ceased all business operations," according to a company filing with the U.S. Securities and Exchange Commission. "The company determined that it does not have sufficient resources to continue its operations and has bee...