[ic] Great Bridge LLC goes out of business

[Boyd Lynn Gerber]

Hi!

I found the following on www.greatbridge.com .

I was not sure wheter to post is or not.

...........
Great Bridge ceases operations

Open source pioneer closes after failing to identify a qualified investor or
acquirer
NORFOLK, Va., September 6, 2001 — Great Bridge LLC, the company that
pioneered commercial distribution and support of the PostgreSQL open source
database, announced today that it has ceased business operations. Great
Bridge, founded in May 2000 by Norfolk, Virginia-based media conglomerate
Landmark Communications, Inc., initiated a search for additional investors
or an acquirer in July of this year. This search did not generate a
qualified investor or acquirer, and Great Bridge’s board decided to close
the business.

During its 16 months of operations, Great Bridge recorded an impressive list
of accomplishments, including assembling the industry’s deepest talent pool
of PostgreSQL expertise; releasing the first-ever commercially distributed
version of PostgreSQL; recording more than 19,000 downloads of its Great
Bridge PostgreSQL software and 40,000 downloads of its Great Bridge
PostgreSQL documentation; launching www.greatbridge.org, a development
community which hosted more the 100 PostgreSQL-related projects; and being
named to FORTUNE magazine’s “25 Coolest Global Companies.” The company was
not able, however, to turn this momentum into revenues that met its business
plan milestones.

“We remain convinced that open source solutions, and in particular the
PostgreSQL database, present compelling and viable alternatives for business
computing,” said Frank Batten Jr., chairman of Landmark Communications and
founder of Great Bridge. “The board was not convinced that, given the
current economic climate, the company could generate revenues at a level to
meet the required expenses of the business within the company’s funding
horizon.”

Great Bridge will retain a limited number of employees to manage its
closure.