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