Intersections ceasing operations of pet health monitoring business
Intersections approved the closure of its Pet Health Monitoring business, known as Voyce, effective immediately. The company's subsidiary, i4c Innovations Inc. created Voyce, an innovative animal health monitoring device that was marketed to pet owners and veterinarians. The discontinuation of Voyce commercial operations will enable the company's strategy and capital to be directed toward identity and privacy protection services. Enrollment in the veterinary monitoring program was slower than expected and therefore the Voyce business was unable to achieve an acceptable level of revenue. The company is in the process of identifying all of the potential costs and other charges associated with its shutdown of the Pet Health Monitoring business.