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Cycle Computing co-founder and CEO Jason Stowe writes that his company will continue to support its existing customers, though it's unclear if this means that Microsoft will also continue to develop support for competing platforms.
In the email he says that last Friday was his final day at the VC firm, which will continue to exist and make new investments without his involvement and support its existing portfolio companies.
If you look at the news, it's apparent this move is to support its existing customer base, which has long-term investments in credit-card processing, manufacturing and operations that require large enterprise resource planning environments.
Now that the young company's coffers are swelling, it's working to flesh out its team to better support its existing partners and a forthcoming influx of regular consumers taking the iPad app for a spin — Tuttle says they should be ready to go by the end of the year.
He told the City that he had embarked on a "rigorous and continuous review" of the group's business as he attempts to improve the return to shareholders despite being required to hold more capital to support its existing operations.
"The Well welcomes the opportunity to support its existing base and extends an invitation to like-minded individuals looking for a social network that puts the free exchange of ideas at the forefront," said Earl Crabb, chief executive of The Well Group, in a statement.
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Meraki will continue supporting its existing hardware, services, and customers as well as building new products and features.
And it is to be phased out by the end of this Parliament in 2015, following a consultation on how best to continue supporting its existing users.
We're thrilled to have the Athena team join the YieldStreet family, and look forward to supporting its existing business and continued scale and success," said YieldStreet founder and president Michael Weisz in a statement.
In addition, Encap says it will continue to support its authentication for existing and new customers, partners and re-sellers, but now backed by the additional resources of AllClear ID.
Supported by its existing generation assets and by new investment in nuclear and renewable sources, one of EDF's main goals is to remain the lowest emitter of greenhouse gases of the seven major European electricity companies.
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