Igor
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Igor Inc. was a smart-building company founded in 2013 by Dwight Stewart in West Des Moines, Iowa. It built Nexos, a Power-over-Ethernet (PoE) platform combining hardware, software and cloud analytics that let non-electricians install and manage commercial lighting, sensors and building analytics.
02 / Igor FAILURE REASONS
Failure factors
Igor shut after a planned turnaround under new February 2023 investor owners fell short; it had faced recent supply-chain challenges that required a cash infusion, then closed operations months after that ownership change.
planned turnaround under new ownership fell short, ending in shutdown.
Company had faced supply-chain challenges that necessitated a cash infusion before the failed turnaround.
03 / EVENT HISTORY
Events in the structured record
- Acquisition
quoting Igor’s August 2023 customer letter: company decided to close operations; Digital Building Solutions acquiring existing inventory and Day-2 support. inside.lighting (9 Aug 2023) independently confirms shutdown.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Nexos: PoE smart-building platform for lighting and sensors
- 02
Sold to four Iowa investors in February 2023
- 03
Turnaround falls short; closure announced in August 2023
- 04
Digital Building Solutions acquires inventory and takes over support