Posts Tagged ‘EQO’

EQO May Be Done

Om Malik | Sunday, November 30, 2008 | 6:20 PM PT | 4 comments

The bad news for mobile VoIP startups keeps coming. EQO, which had cut nearly 65 percent of its workforce about two months ago, might have finally hit the deck and be down for the count, according to Canadian technology news site, Techvibes.

In response to my previous post, EQO CEO Bill Tam said that cuts would allow the company to operate near profitability. He also claimed that the company had 2 million users, was doubling every eight weeks and growing its revenues. Apparently, that wasn’t enough.

EQO had raised about $13 million and was trying to sell itself, but apparently it didn’t find any buyers, according to the report. Some of my sources are confirming this shutdown. There has been chatter about VCs trying to claw back unspent cash, though I have not been able to confirm it. Some senior executives, including CFO Laura Colwill, have been job hunting. A sure sign that the party is over: information about the management team has been removed from EQO’s About Us page.

Another VoIP Startup in Trouble

Om Malik | Thursday, November 27, 2008 | 8:02 PM PT | 8 comments

Regardless of however you spin it, if you are firing 20 percent of your work force and have no real business model to speak of, you are in trouble. That certainly is true of Fring, an Israeli Mobile VoIP startup, which has cut 10 of its 50 employees. CEO Avi Shechter told TechCrunch that his company is doing well. In addition to $13 million it raised in the past, Avi says the company has raised an undisclosed amount of money in its Series C financing.

By doing well, I guess he means Fring’s deal with Mobilkom Austria and an increase in the number of monthly downloads from 100,000 a year ago to 400,000. Mobile advertising is one way it hopes to make money, but it seems like a long shot. Like many of its peers, Fring is going to have a tough time in the future. Jangl and TalkPlus have already shut down, while EQO recently fired 65 percent of its workforce. Jaxtr, another VoIP startup, recently had a management shakeup and has its own set of issues. Other Fring competitors would include iSkoot and Nimbuzz.

Related Post: 7 Ways To VoIP From Your Mobile Phone

VoIP Startup EQO Slashes Workforce by 65%*

Om Malik | Thursday, October 9, 2008 | 10:46 PM PT | 20 comments

EQO, a mobile VoIP startup based in Vancouver might have cut as much as 65% of its work force, a sign that Mobile VoIP isn’t an easy nut to crack. Continue »

Different IMs For Different Folks

Om Malik | Wednesday, August 13, 2008 | 4:11 PM PT | 12 comments

Jeff LaPorte, co-founder and chief architect at EQO Communications, has come-up with an IM Map of the world using his company’s IM interconnect capability, showing each country seems to have a preference for a different IM network.

For instance, 77.18 percent of Argentineans love MSN, followed by 9.99 percent who love GTalk. Mexicans (83.72 percent), Brazilians (77.18 percent) Dutch (65.41 percent), French (68.01 percent), Italians (60.45 percent) the Turks (75.6 percent) are all big MSN users. In many parts of Asia, Yahoo is big.

In Germany, however, they heart ICQ, while in the United States AIM (35 percent) still rules with Yahoo (25 percent) and MSN (23.93 percent) getting the silver and the bronze. GTalk has just over 12 percent share in the United States — a surprisingly large number. Another surprising fact about the numbers is how marginal AIM is outside of the States.

My only quibble with this data: Why no Skype, which is a very popular IM client/service across the world? If I remember correctly, EQO started off by offering mobile access to Skype, but later changed its game after being ignored by Skype.

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