Ontoprise Allegedly Files for Bankruptcy

August 15, 2012

We thought ontologies and taxonomies were the hottest things going; apparently they are not hot enough to protect even leading firms specializing in them. SemanticWeb declares, “Ontoprise GmbH Files for Bankruptcy.” Writer Eric Franzon reports:

“The firm Schultze & Braun has told the district court in Karlsruhe that lawyer Holger Blümle has been appointed provisional liquidator. In an official release by Schultze & Braun, Blümle states, ‘With their innovative solutions, Ontoprise has developed a very good market position. Since the products are used both directly and indirectly in other programs, I am confident that the company can be rehabilitated…Initial discussions with potential investors are already actively being pursued.’”

I’m glad the company has not given up hope, and I wish them luck. I do wonder, though– if they are so well positioned, what went wrong?

Founded in 1999, Ontoprise emerged from the research environment at the University of Karlsruhe. The company states they are a “leading provider” of semantic products and services for a variety of fields. At the core of their product line are OntoBroker and OntoStudio. Ontoprise is headquartered in Karlsruhe, Germany.

Cynthia Murrell, August 15, 2012

Sponsored by ArnoldIT.com, developer of Augmentext

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