GigaOm closed

The owners of the publication on IT technologies GigaOm announced the inability to fully pay the debts to creditors. Negotiations are underway with creditors who hold assets as collateral. It is not yet known what they intend to do with them.



At the moment, the company has ceased operations. Perhaps she will resume it in the future, after a change of ownership. While GigaOm does not intend to initiate bankruptcy proceedings.



GigaOm is a media company founded by Om Malik, a former Forbes columnist. Since 2001, he has covered IT events, talking about new technologies and start-ups. It was one of the best sites that wrote about IT, analytical articles of which went far beyond the standard press releases of companies.

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The publication slightly tarnished its reputation in October 2014, when it posted a paid ad from the National Security Agency .



Announcement of the NSA, in general, looked harmless: just a job vacancy. But the fact that an independent IT publication accepts money from such an organization has caused aversion from some colleagues.



One way or another, but the money of the NSA did not help the site. Nor did he save several rounds of investment. In total, over the past years, $ 22.3 million investment was received. The last round was held in February 2014 in the amount of $ 8 million from companies True Ventures, Alloy Ventures, Shea Ventures and Reed Elsevier Ventures.



Information about the closure of the project was confirmed by some GigaOm employees on Twitter. For example, here's a tweet from one of the leading authors Stace Higginbotham.











Om Malik himself left GigaOm a year ago, becoming a partner in the venture capital firm True Ventures. In a personal blog, he regretted the sad ending that befell the company he founded. He thanked all the people who made (and helped make) the site, as well as the readers who have been with the project for many years.