CRM SOFTWARE INDUSTRY BUZZ
Entellium Restructures
Industry ERP and CRM blogs are reporting that on-demand customer relationship management software vendor Entellium has abruptly laid off the majority of personnel employed in its Seattle, Washington headquarters and its Kuala Lumpur, Malaysia software development office. This move follows the sudden and unexpected resignations of CEO Paul "PJ" Johnston and CFO Parrish Jones yesterday. Immediately following the executive resignations, Entellium removed all references to the two senior executives from its website, including a blog written by Johnston and a description of them among the management team.
The 8 year old hosted CRM software company had garnered over $50M of venture funding, however, reportedly ran out of money. Johnston founded the company in Malaysia in 2000, moved the headquarters to Seattle in 2003, secured multiple rounds of venture funding and grew the company to approximately 200 employees. The majority of staff are located at a research and development office in Kuala Lumpur. Entellium's financial backers, Bellevue-based Ignition Partners and Sigma Partners, are now managing the transition plan.
Trackback: http://www.erp.asia/entellium-reorg.asp
Tags: Entellium
Posted in: On-Demand CRM Software
By: Chris Nichols
Date: October 3, 2008
Comments: email comments to buzz<at>erp.asia
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