On October 4 2008 the Seattle Times released a story titled “Workers get ax at software maker Entellium, told money ran out”. This came as a shock to many of us around the CRM Software industry since Entellium was once stated to be a threat to Salesforce.com. As it turns out last Friday morning Entellium chopped 100 staff leaving only a few in their Seattle location. This mass let go came just after a sudden resignation from Chief Executive Paul Johnston and Senior Vice President Parrish Jones, who was once in charge of finances.
Stated in the Seattle Times an x employee of Entellium was told there was just no money. Entellium has received over $30 million in venture capital backing in the 9 years they have been in business but I guess this wasn’t enough. Currently board members and senior executives are in meetings to decide on the future of the CRM vendor. Outside of their walls there has been some interest in Entellium from other CRM Vendors in the market. Avidian has expressed an interest in some assets and also CRM vendor Salesboom.com was showing some interest.
The fate of Entellium will become evident in the coming days as their clients become aware of the current situation. I can only imagine that if Entellium doesn’t act swift and strong there will be a lot of stranded CRM users looking for a new place to call home.
Tuesday, October 7, 2008
Is Entellium Going out of Business? 100 Laid Off
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5 comments:
Entellium is bust! Thier customers will have major issues dealing with this sudden death of Entellium. I also heared that avidian and salesboom.com have offered to purchase thier book of business but i dont think avidian can handel thier customers because thier application is vey poor and does not have 1/4 of what entellium has. On the other hand Salesboom.com will be the right company to get hold of entellium's book of business simply because it is a much better and more user friendly online crm application and has the migration tools needed for such a move.
From what I read in the article, Avidian seems like a great fit for Entellium as they are in the same Seattle area as Entellium and has a larger customer base. Seems like Avidian has been in business for over 6 years with 10,000+ customers worldwide. I've never heard of salesboom before and besides salesboom is a Canadian company.
Well, this recent turn of events might point toward answering your question:
http://seattletimes.nwsource.com/html/nationworld/2008240530_webentellium08.html
thanks...Crm software
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