Syndera – R.I.P.
It seems that Syndera – www.syndera.com – was completely bought off* by Tibco and is now shut down. My earlier speculations about Syndera was right. So now we have one less CEP company alive.
Hopefully the rest of the gang is doing fine. My Google Alerts have recently brought me some good news on Aleri and Coral8 so they are hopefully doing fine.
[Edit: Here's a nice summary of Syndera]
*) What is amazing is that a company like Syndera, which actually has (had) an idea on how make money and had a pretty good story on the value they were providing is only worth $1M (That’s what Tibco bought them for). I just don’t get this.( I’m not supposed to either, so it’s ok.) Compared to Twitter which is valued at $250M. To me Twitter has more or less no apparent value and there seems to be no idea on how to make money. Still investors push money into it. Are the investors totally insane? They could as well burn their money on a nice bonfire. Hopefully there are some investors left which are not on acid. I have the same distinct feeling now as I hade just before the .com bubble burst. How long before this web 2.0 bubble bursts. There seems to be tons of companies like Twitter getting VC money currently. All these will die soon if you ask me.