Don’t call it a comeback, Kaleidescape wasn’t down that long

According to Inside CI, Kaleidescape used it recent troubles to restructure a bit. Although I’m not that confident given market trends, and even what Kaleidescape has to say for itself.

Kaleidescape says it’s back in business. In a statement, Cheena Srinivasan, CEO, reports: “We are delighted to announce that we have restarted operations. We restructured the company, slashed expenses, and obtained the investment needed (with no change of control). We are manufacturing and shipping a significant backlog of products that were ordered during the past two weeks. We are confident that our restructuring combined with this new investment will enable Kaleidescape to quickly return to growth and profitability.