by Brian Solis
Hopefully this isn’t going to become the most popular topic on bub.blicio.us in the near future, but just in case, I’ve added a deadpool category.
Edgeio has decided to cease operations, which according to co-founder Michael Arrington, was a unanimous decision made by the board. The company now joins the Techcrunch Deadpool officially.
The company raised a small angel round of financing, then in October 2006 closed a $5 million Series A from Intel Capital and Transcosmos. Due to unmet milestones and objectives, the board feels that this is the best decision.
They made a good run at it. In speaking with CEO Keith Teare over the years, there was do doubt that the passion stayed strong all along.
Best of luck to the team and hopefully everyone will find a new gig as quickly as possible.
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