Zaio selling assets of U.S. subsidiary

Canadian parent keeping property records

Zaio Corp., a Canadian-based company that has built a database of photos, valuations and property information through a network of local appraisers and photographers, has closed down its U.S. subsidiary, Zaio Inc.

All of Scottsdale, Ariz.-based Zaio Inc.’s employees have received notices of termination and the parent company will sell off its assets, Zaio Corp. said Thursday.