Entellium CRM in Trouble?
October 5, 2008 by Jimson Lee · Leave a Comment
South of the border in Seattle, there is word that Entellium’s Web based CRM application and Sales Force Automation may be hitting hard times.
The Seattle Times report the departure of Chief Executive Officer Paul Johnston and Senior Vice President Parrish Jones on Thursday Oct. 2.
Then on Friday, Oct. 3rd, Puget Sound Business Journal reports Entellium laid off its sales and marketing staff.
Entellium has raised more than $30 million in venture funding, including Ignition Partners and Sigma Partners. At its peak earlier this year, it employed more than 190 people in the Seattle area and the Development group in Malaysia.
We will know more about the current state on Monday, Oct. 6, when the company evaluates their options.
“It is not a wind down situation. It is not a fire sale,” said Charles Miller, Vice President of Operational Excellence at Entellium. “We just needed to make some changes in the organization to reduce our burn.”
I survived the dot com meltdown from 2000-2003 and it appears those memories are coming back with the current state of the economy.
Stay tuned.
Related Articles on CRM Help Desk Software.com
- Entellium Files for Bankruptcy
- Entellium CEO, CFO Charged with Wire Fraud
- Salesboom.com Rescue Initiative for Entellium Customers
- Intuit Offers to Buy Entellium Assets
- Maximizer Software Offers Discounts to Help Entellium CRM Customers
Recent Articles on CRM Help Desk Software.com
- Salesforce.com Delivers Real-Time Communication for the Social Enterprise with Chatter Messenger and Chatter Screensharing
- Salesforce.com Sees Tremendous Growth Across Europe, Increases Local Investment
- Watch Cloudforce London 2012 Live!
- Worldwide Study Shows Global Business Anti-Social in a Social Media Age
- SplendidCRM Announces Version 6.5 With Social Media Libraries
- NetSuite Announces Commerce as a Service (CaaS)
- Veeva Systems Announces Dramatic Growth in Europe
- Dell Cloud Business Applications Portfolio Expands with Integration Packs
- Zoho Support Integrates Facebook, Twitter
- LANDesk Software Finds IT Managers Not Yet Equipped to Handle Consumerization of the Workforce
About Jimson Lee
Jimson is a freelance industry analyst, with over 25 years experience in the IT industry. Prior to joining CRMHelpDeskSoftware, he spent 4 years as a Senior Consultant at Sierra Systems Group, part of Golden Gate Capital, a leading private equity firm with $9 billion in capital under management. Jimson currently resides in Rome, Italy.
