Entellium CRM Software Reader Comments
Probably New Venture Mandate
Posted June 15 by anonymous
While it's never a good sign to see an across the board company layoff, and I agree that PR statement from the company spokesperson was pretty lame, I don't think the company is in trouble (yet). Entellium is showing consistent success and growth in the small business market. The company is beating salesforce.com in many new customer acquisition opportunities and becoming the second home for the many customers that leave salesforce.com when their subscriptions are up.
I suspect that while Entellium's customer acquisition growth is good, it's living off of venture funding to pay the bills and bleeding large financial losses. This job cut was probably a mandate by the new venture firm in order to slow the bleeding and begin a journey toward profitability.
Troubles at Entellium?
Posted June 13 by Rida Smatna
I've heard good things about Entellium, however, the Seattle Post Intelligencer which covers the company today reported that Entellium cut 5% of its workforce. This is particularly surprising as Entellium just received another $14M venture funding round and the company claims it has doubled its customer base every year for the last three years. The quote in the article from Entellium spokeswoman Heather Van Schoiack claims that the company needed to cut staff in order to make room for the best people into the best jobs - which comes across as pure PR spin and completely ridiculous. Anybody know the real story of what's going on at Entellium?
Ventures Cashing Out of Entellium
Posted November 30 by Derek
I've always believed its a sign of software industry and company progress when early fund venture capitalists cash out of their early investments - and I think that's what just happened with Entellium. Asia Properties, Inc. (API) (Pink Sheets: ASPZ) was an early investor in Entellium that just sold two million Entellium shares for USD $10 million to Microart Inc (Pink Sheets: MCRT). Asia Property is actually a Nevada corporation that made an early investment in Entellium - one that presumably has paid off. I suspect we'll see additional financial transactions such as this one from Entellium as well as several other high growth hosted / software as a service CRM companies.