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Zultys Out of Business

Zultys Out of Business
I just read that e-mails from Zultys are being returned saying the company is out of business. I hear there was a problem with the financing. Investors decided not to back the company further. I imagine it is too soon for the poor Avaya quarter to have had an impact on Zultys funding but who knows. I am going to reach out to the company and see what I can uncover. By the way, TMC’s Greg Galitzine broke the story.

Update:

I just spoke with Iain Milnes the founder of the company and he said they are ceasing operations and terminating employees temporarily -- until they get financing. They feel they have a great product portfolio and a great channel – I agree. They are looking for investors who see this value. Contact iain.milnes@zultys.com for details.

Further Update: The company was purchased and is doing well. I have had numerous meetings with the company's management. Here is the latest news on Zultys.

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July 26, 2006 2:59 PM |

0 Comments | 2 TrackBacks

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Zultys Out of Business TrackBack URL : http://blog.tmcnet.com/mt/mt-tb.cgi/26394

Latest Zultys Update from VoIP Blog - Tehrani.com on August 3, 2006 3:57 PM

We have been receiving many e-mails on the Zultys situation (Zultys Out of Business, Zultys Update, Zultys Up and Running!). It seems that there are a good number of employees who are upset about what is happening. Of course this makes... Read More

Another IP-PBX company bites the dust? from VoIP & Gadgets Blog on August 8, 2006 4:11 PM

After the news that Zultsys was going out of business, only to hear that they are being resurrected, word from two sources is that a well-known IP-PBX company may be on its last legs. I don't want to disclose who... Read More

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