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Cyrusoft files for bankruptcy

updated 12:05 pm EDT, Thu October 13, 2005

Cyrusoft bankruptcy

Cyrusoft yesterday announced that the company filed for Chapter 7 bankruptcy. "This situation is the culmination of a series of events that has taken place over the last few months," wrote owner Cyrus Daboo. "Sadly this situation pretty much means the end of Mulberry. Its now almost ten years since I wrote the first code of the Macintosh IMAP email client that would become Mulberry. It has been a labor of love and much personal sacrifice, and despite this disheartening outcome, I do maintain a certain amount of pride of what was achieved with limited resources."

"That said, my biggest disappointment is for the effect this will have on our customers. Customers have come and some have gone, but for the most part many have remained loyal and helped us battle through new releases with feedback and help over the years. Its sad that at this time with a new major release just out and the prospect of exploring new avenues with the calendaring capability, that this situation has occurred."

"Right now all assets of the company are in the hands of the bankruptcy trustee, including the software and other items that make up the Mulberry product suite. Whilst there might be some opportunity to recover those at some point in the future, there would certainly be no business left from it as customers would likely have switched or be in the process of switching to alternative clients. Building up a new business from scratch would be very hard."




by MacNN Staff

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