[Businessteam] PurpleYogi Cuts 10% Staff & Shifts To Enterprise Focus

• Previous message: [Businessteam] The Web is Dead, According to Forrester Exec.
• Next message: [Businessteam] PLEASE READ ATTACHMENTS

PurpleYogi Cuts 10% Staff & Shifts To Enterprise Focus 
MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- PurpleYogi, a creator of
distributed 
information management software, said it laid off approximately 10 people,

or 10% of its 95-person workforce, three weeks ago as the company shifted 
its business strategy from focusing on Internet news services to
enterprise 
software firms. The laid-off employees received severance. The company
said 
it will continue to service its news service clients but will also be 
accelerating its development of products for large enterprises. PurpleYogi

said it will begin beta-testing enterprise software this summer and will 
commercially launch its enterprise-oriented services in the fall. The 
company also said it was looking to expand its current 10-person sales 
force. PurpleYogi has raised over $33.1 million in four rounds from At 
India, H&Q Asia Pacific, Infosys Technologies, Intel Capital, Skyblaze 
Ventures, Softbank Venture Capital, and individuals. 
http://www.purpleyogi.com 



Ashley Ching 
nano 
212.430.3722 
ashley@nano.com 
www.nano.com 


_______________________________________________ 
Businessteam mailing list 
Businessteam@mail.nano.com 
http://mail.nano.com/mailman/listinfo/businessteam 

• Previous message: [Businessteam] The Web is Dead, According to Forrester Exec.
• Next message: [Businessteam] PLEASE READ ATTACHMENTS

Back to the archive index