Entellium CRM in Trouble?
October 5, 2008 by Jimson Lee
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.
Tagged:
2008, application, business, CRM, entellium, helpdesk, market, Marketing, partner, Sales, Sales Force Automation, software, solution, solutions, source, Technology, web
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
- InteQ SaaS Assurance Program Eliminates Implementation Risks by Enabling IT Organizations to Use InfraDesk ITIL SaaS Service Desk in a Production Environment
- SugarCRM announces new Open+ Partner Program
- LiveTime extends ITSM SaaS platform to Google App Engine and Amazon EC2 Cloud
- EuroCloud Brings Together UK’s Top SaaS and Cloud Vendors to Share Industry Best Practice
- SugarCRM Announces Keynotes, Sponsors and Agenda for SugarCon 2010
- Idea2, a Cloud-Based CRM Solution for Growing Businesses
- MultiFactor Announces Availability of the Best Cloud Identity Provider in the World: YOU
- Winners of European IT Excellence Awards announced
- LANDesk Certified on 14 ITIL V3 processes for IT Service Management
- Sunrise Software hosts Owen Powell’s IT Insider blog
Free Newsletter
Sign up for the free Daily newsletter, filled with tips and ideas on how to choose a proper CRM, Help Desk, Customer Support, or Enterprise Content Management software system. Your email address will be kept confidential and won't be shared. Easily unsubscribe at any time.
If you enjoy the free information available on this site, you're sure to enjoy the free newsletter as well:
Share and Enjoy:
Comments
Got something to say?
Complete List of CRM Vendors & Help Desk Vendors
Latest Headlines
- InteQ SaaS Assurance Program Eliminates Implementation Risks by Enabling IT Organizations to Use InfraDesk ITIL SaaS Service Desk in a Production Environment
- SugarCRM announces new Open+ Partner Program
- LiveTime extends ITSM SaaS platform to Google App Engine and Amazon EC2 Cloud
- EuroCloud Brings Together UK’s Top SaaS and Cloud Vendors to Share Industry Best Practice
- SugarCRM Announces Keynotes, Sponsors and Agenda for SugarCon 2010
- Idea2, a Cloud-Based CRM Solution for Growing Businesses
