GigaOM shuts down

Posted by Paola Cornacchiola   |   Tuesday, March 10th, 2015   |  

Today it’s a sad day for the world of the information technology websites, a very well known name on the scene, GigaOM, just announced that it is shutting down due to economic problems.

The apparently unexpected news was disclosed today on the website as a statement on the company, the GigaOM management reported that it can not pay its creditors and nevertheless, GigaOM will not be declared bankrupt and for now the page is ongoing, showing its news as usual until yesterday’s GigaOM statement, but its closure is only a matter of time.
GigaOM management also used the message to thank all of its investors and readers.

GigaOM was founded in 2006 by Om Malik and besides offering news and analysis on emerging technology, the company also manifested in the real world organizing public events such as GigaOM Structure. The website had more than 6 million monthly unique readers and it was one of the independent voice on emerging technologies covering cloud, mobile, cleantech, consumer web and media.

It is quite distressing having to write about GigaOM history using a past tense because of our respect for Om Malik’s work and all of his team, such a talented group of professionals like Barbara Darrow, Derrick Harris, etc.

Malik, founder and serior writer for GigaOM moved to NYC back in 1993 to be a writer for India Abroad and Forbes, he then left Forbes.com and moved to San Francisco, California to write for Business 2.0 magazine. In 2001 he started its blog GigaOM immediately becoming one of the most influential blogs according to CNet and by 2006 he started dedicating his work completely to GigaOM. About a year ago, in February 2014 he announced to have joined True Ventures partners and that he had decided not to be a contributing writer anymore, but remaining on GigaOM’s board, also headlining GigaOM events.

At the same time when Malik joined True Ventures, only one year ago, he stated on the website that GigaOM also raised $8 million fundings from Shea Ventures, together with True Ventures, Alloy Ventures and Reed Elsevier Ventures.

GigaOM used to produce six events annually, GigaOm RoadMap, paidContent Live, Mobilize and the main event: Structure.
Last Structure event is scheduled to be held in San Francisco at the Mission Bay Conference Centre, next June 17-18. It is still unknown if the event will be cancelled or still goes on.

This is the original announcement from the Webpage:

A brief note on our company

Gigaom recently became unable to pay its creditors in full at this time. As a result, the company is working with its creditors that have rights to all of the company’s assets as their collateral. All operations have ceased. We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets. The company does not currently intend to file bankruptcy. We would like to take a moment and thank our readers and our community for supporting us all along.

— Gigaom management

For now the site is online, but we do not know what is going on next.
From .infonews team we wish all of our colleagues good luck in their new projects.


Labels:

blog comments powered by Disqus


virtualization.info Newest articles
Release: VMware vRealize Log Insight 4.5

June 13th, 2017

Log Insight is a log aggregation, management and analysis tool, that VMware first introduced in 2013 and considered a competitor of Splunk.
Yesterday VMware announced the release of version 4.5, available for…

Release: VMware vRealize Automation 7.3

June 6th, 2017

Today VMware announced the latest release of its cloud management platform vRealize Automation, former vCloud Automation Center.
VMware vRealize Automation 7.3 release notes can be found at this link.

The…

Paper: Introducing the NSX-T Platform

February 9th, 2017

“We see greater potential strategic opportunity in NSX over the next decade than our franchise product vSphere has had for the past decade.”
said VMware’s CEO Pat Gelsinger talking about…

Paper: VMware vSphere Virtual Machine Encryption Performance

November 22nd, 2016

Encryption of virtual machines is something that has been requested for years by the security community. VMware continued to postpone its implementation due to the negative operational impact that many…

Quest Software leaves Dell

November 1st, 2016

In September 2012 Dell announced to have completed the acquisition of Quest Software, a Californian company with an history in systems management, security, business intelligence and, falling back in our…

Citrix announces Q3 2016 results

October 21st, 2016

Citrix announced its financial results for third quarter 2016.
The revenues for the second quarter were $841 million for an increase of 3% compared to Q3 2015.
Net income was $132…

Release: VMware vSphere 6.5 & Virtual SAN 6.5

October 19th, 2016

2016 edition of VMworld US has been quite turbulent, on the other hand during VMworld Europe, happening these days in Barcelona, the company announced a few more products for the…

Release: VMware vRealize Log Insight 4.0

October 18th, 2016

Log Insight is a log aggregation, management and analisys tool, that VMware first introduced in 2013 and now is usually compared with Splunk.
Yesterday VMware announced Log Insight’s new major…

Release: Windows Server 2016 with support for Window Server & Hyper-V containers

October 13th, 2016

Yesterday Microsoft announced the general availability of Windows Server 2016 which the company defines as a cloud-ready OS.
Beside fancy definitions, one of the most relevant perks of this release…

Release: Oracle VM 3.4.2

September 22nd, 2016

During Oracle OpenWorld 2016 the company released version 3.4.2 of its enterprise virtualization solution.
Oracle VM is available for both x86 and SPARC based processor architectures and uses the Xen hypervisor…

VMworld US 2016 Wrap-up

September 1st, 2016

Today was the last day of VMware’s flagship conference VMworld in Las Vegas, an highly controversial edition which left a good chunk of the audience disoriented if not properly disappointed….

Gartner releases its Magic Quadrant for Cloud Infrastructure as a Service for 2016

August 11th, 2016

Last week Gartner updated its Magic Quadrant for Cloud Infrastructure as a Service (IaaS) for the year 2016. The Magic Quadrant for the year 2015 was released in May last year…

Release: Ansible Tower 3 by Red Hat

August 2nd, 2016

Ansible is one of the four main players in the automation market, younger then the well known Chef and Puppet, has been launched in 2013 in Durham, N.C. and acquired…

IBM announces earnings for Q2 2016

July 19th, 2016

Yesterday IBM announced its results for Q2 2016.

If we compare with the same quarter in 2015 earnings per share, from continuing operations, decreased 22%. Net income, from continuing operations,…

 
Monthly Archive