Close
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Development
    • Development

    SavaJe Falls on Hard Times

    Written by

    Darryl K. Taft
    Published October 17, 2006
    Share
    Facebook
    Twitter
    Linkedin

      eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

      SavaJe Technologies, once the darling of the Java devices community, is now looking at bad times and struggling to keep its doors open.

      SavaJe, based in Chelmsford, Mass., makes Java operating systems for cell phones and was selected as the vendor with the showcase technology at JavaOne last May.

      Now the company is close to closing its doors as it seeks additional funding from venture capitalists.

      The company, which employs about 140 people, had furloughed its developers and some other employees early in October, asking them to use up their vacation time or go on unpaid leave while SavaJe moved to find its way out of its financial troubles.

      A company spokesperson would not comment on the status of the furlough, referring calls to the companys board of directors, including executives at its venture capital firms.

      However, sources indicate that SavaJe may in fact have shut down operations entirely.

      SavaJe investors were just as reluctant to speak on the companys status.

      “I am not in a position to make comments at this time,” said Jeff Strasberg, chief financial officer at Ridgewood Capital.

      Founded in 1999, SavaJe set out to make Java-based operating systems for PDAs and then moved to support cell phones.

      /zimages/4/28571.gifClick here to read more about the SavaJe Java phone.

      The company became a poster child for the power of Sun Microsystems Javas micro edition (Java Platform Micro Edition), as well as a mainstay at the annual JavaOne conference.

      At the 2006 JavaOne conference in San Francisco in May, Sun named the SavaJe-based Jasper S20 mobile phone, manufactured by Group Sense Limited, the “Device of the Show.”

      Several Sun officials, including James Gosling, the creator of Java, demonstrated the device during keynote addresses at the conference.

      According to SavaJe documents and published reports, SavaJe has raised about $71 million in funding over the years, with investors such as New Venture Partners, Murray Hill, N.J.; Ridgewood Capital, Ridgewood, N.J.; RRE Ventures, New York; and Investcorp Technology Ventures, New York; as well as the investment units of carriers such as Orange SA and Vodafone Group.

      Meanwhile, SavaJe developers, among some of the most coveted in the micro Java space, are said to not be waiting on news from the company and are beginning to entertain inquiries from the community at large, sources said.

      Calls to the SavaJe main number are answered by an automated system, although an operator will pick up if requested.

      However, attempts to reach various individuals were met with voicemail and no calls returned.

      /zimages/4/28571.gifCheck out eWEEK.coms for the latest news, reviews and analysis in programming environments and developer tools.

      Darryl K. Taft
      Darryl K. Taft
      Darryl K. Taft covers the development tools and developer-related issues beat from his office in Baltimore. He has more than 10 years of experience in the business and is always looking for the next scoop. Taft is a member of the Association for Computing Machinery (ACM) and was named 'one of the most active middleware reporters in the world' by The Middleware Co. He also has his own card in the 'Who's Who in Enterprise Java' deck.

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      MOST POPULAR ARTICLES

      Artificial Intelligence

      9 Best AI 3D Generators You Need...

      Sam Rinko - June 25, 2024 0
      AI 3D Generators are powerful tools for many different industries. Discover the best AI 3D Generators, and learn which is best for your specific use case.
      Read more
      Cloud

      RingCentral Expands Its Collaboration Platform

      Zeus Kerravala - November 22, 2023 0
      RingCentral adds AI-enabled contact center and hybrid event products to its suite of collaboration services.
      Read more
      Artificial Intelligence

      8 Best AI Data Analytics Software &...

      Aminu Abdullahi - January 18, 2024 0
      Learn the top AI data analytics software to use. Compare AI data analytics solutions & features to make the best choice for your business.
      Read more
      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Video

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2024 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×