Themes By Design

Jelsoft's future: acquisition news

Peggy
07-04-2007, 07:25 AM
Dear vBulletin customers,

We are pleased to announce that Jelsoft Enterprises Limited has been acquired by Internet Brands, Inc., a leading provider of automotive, travel and home-related sites and communities.

As part of a larger organisation, with more than 500 employees, Jelsoft has access to additional resources, support and business expertise which will ensure that we can continue to grow and flourish. Products will continue to be actively developed and fully supported, and as time goes on you will begin to see noticeable changes and improvements that are made possible by being part of a larger organisation.

Internet Brands’ intention is to focus on improving what we are doing at the moment, and that means significant investment in our software development, customer service and sales and marketing processes. Internet Brands is willing, able and ready to invest heavily in Jelsoft, not only to continue to offer the same great products to our existing market, but also to empower us to enter new markets and find new audiences for our products and services.

The day-to-day management of Jelsoft will continue largely unchanged. I will continue as Managing Director and CEO of Jelsoft, working alongside the executive team at Internet Brands. John Percival, co-founder of vBulletin, will be taking this opportunity to pursue other interests, and I’m sure you will join me in wishing him well and every success in the future.

I'm really excited about this news, and feel strongly that is was a great decision for the company and our customers. Jelsoft has achieved significant success over the last few years, and before we officially move into this new era, I'd like to offer my sincere thanks to all customers who have supported Jelsoft and vBulletin - It is your continuous support and loyalty that has enabled vBulletin to become a market leader in community solutions. Rest assured that, with the help and resources of Internet Brands, we will continue to work hard to produce products that are innovative, feature-rich and forward-looking.

Again, thank you.

All the best,

James Limm, and the Jelsoft team


More... (http://www.vbulletin.com/forum/showthread.php?t=235378&goto=newpost)

Peggy
07-04-2007, 09:45 AM
Yikes - this is a surprise. Not quite sure what to say about this, so I'll post more later.

Any opinions from anyone?

Doc
07-04-2007, 02:20 PM
I hope it turns out well but from personal experience (I used to be senior programmer for a financial services software house - it got taken over, I was redundant and some great software packages were ditched because they 'overlapped' the other firms range of products) only time will tell. The phrase will be taking this opportunity to pursue other interests always worries me as it often means there has been a hostile take over. I will watch this one with interest.

Peggy
07-04-2007, 04:41 PM
you 'n' me both...

julia
07-05-2007, 12:26 AM
I feel very sad, I wonder if this new firm is out of UK too?

Peggy
07-05-2007, 01:04 AM
no julia, they are in California, USA