Ezenia! announced it has emerged from Chapter 11 with financing provided by lenders including funds managed by MAST Capital Management. The proceeds of the financing will be used to repay existing creditors, to develop the Company's platform for insider threat detection, unified communications and desktop platform, and for general corporate purposes.

In connection with the financing transaction, MAST and the other lenders will receive warrants to purchase 45% of the Company's outstanding shares on a fully diluted basis.