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Zelerate Going Under?Mar 29, 2001, 22:25 (6 Talkback[s])
(Other stories by Beth Cox)
By Beth Cox, internetnews.com
Zelerate.com, a San Mateo, Calif.-based provider of open source e-commerce applications, reportedly is going under or is about to go under after laying off about half of its staff last week.
CEO Bonnie Crater, reached at her office this morning by an internetnews.com reporter, would neither confirm nor deny published reports that the company is being shut down
However, TheRegister.com was reporting on the layoffs and cited unnamed sources as saying that the company - formerly called OpenSales Inc. - was shutting its doors today.
Zelerate, which had funding from idealab Capital Partners, idealab! itself and Sanchez Capital Partners, markets the Zelerate AllCommerce suite of open source, WAP-enabled e-commerce applications that provide a core set of modules to run businesses of all sizes on the Internet.
Zelerate was founded in 1998 by Rob Ferber, formerly founding vice president of technology at eToys, and Glenn Ferber (no relation to Rob), who was previously chief interactive officer at American Digital Media.
Just last January Zelerate struck a strategic alliance and referral agreement with open source instant messaging technology provider Jabber.com Inc., a subsidiary of Webb Interactive Services Inc. That same month it released AllCommerce 1.2, designed to work with the company's soon-to-be-released Zelerate Warehouse Management application for real-time fulfillment.
Zelerate product offerings are released under the nonrestrictive GNU Public License (GPL), which accelerates software development by encouraging a worldwide community of developers to test, modify and critique solutions.
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