TABB Group has decided to wind down the firm, effectively immediately, the firm's board of directors said in an email to TABB Forum members Friday.
The outbreak of the coronavirus has exacerbated the challenges facing the company, impeding its "ability to produce industry events and conferences, a major source of its revenue," the capital markets research and consulting firm said in the email.
"These forces have made it impossible for TABB Group to deliver its high-quality research and services to its valued clients, while compensating its staff appropriately," the email said.
The firm noted that it had "amassed tremendous data, analytics and a vibrant professional community on TABB Forum, and will now look to sell its assets."
