October 31, 2006
I received the following message this morning from Iain Milnes, embattled founder of Zultys.
I'm sure TMCnet's Rich Tehrani and Robert Liu will be all over this story today, but for now consider this the latest update in this ongoing saga...
To all suppliers, customers, and partners of Zultys
I am pleased to announce that at the sale of the assets of Zultys on 30 October, Pivot VoIP, Inc. was the successful bidder and will be operating the business moving forward. This should provide assurance to existing customers that as far as possible, business will continue as usual.
The buyer has expressed no interest in retaining the existing management so there will inevitably be some changes in the short term. I founded this company exactly five years ago today so I am sad to be leaving, but I hope that Zultys is in good hands.
If you wish to contact me, my e-mail address at Zultys will still work for a few days.
Pivot is a newly created entity with financial backing by telecom equipment vendor Telrad Connegy.
Stay tuned to TMCnet for more on this story.