Critical Path, Inc. Explained
| Critical Path, Inc. |
| Logo Alt: | Critical Path's logo |
| Type: | Privately held company |
| Foundation: | 1997 |
| Location: | Dublin, Ireland |
| Fate: | Acquired by Openwave Messaging (December 4, 2013) |
| Key People: | Mark Palomba, CEO and Chairman
Tim Noel, CFO
Barry Twohig, EVP of Engineering |
| Industry: | Software |
| Num Employees: | 331 |
| Products: | Mobile Software
Messaging Software
Anti-Abuse Software
Identity Management Software |
| Revenue: | $66.963 million USD (2005) |
Critical Path is a provider of messaging services, working in partnerships with mobile operators, telecommunications companies, ISPs, and enterprises. It was acquired on December 4, 2013, by Openwave Messaging and is now headed by Openwave Messaging President and CEO, Joe Campbell.[1] [2] [3] On March 2, 2016, it was announced that Synchronoss Technologies agreed to acquire Openwave Messaging.[4]
History
Critical Path, Inc. was founded in 1997 by David C. Hayden[5] and Wayne de Geere III[6] as a provider of outsourced email service to ISPs. In 1998 they hired a new CEO, Doug Hickey and acquired Usenet provider Supernews. The company went public on March 29, 1999. The IPO was covered favorably by the trade press at the time.[7] In early 2001, nearly two years after their IPO, a series of lawsuits against Critical Path were filed over hiring practices, accounting irregularities, and securities fraud,[8] [9] culminating in a management shakeup and SEC action against the company's President, David Thatcher, and other executives.[10] Thatcher and two others pleaded guilty and were sentenced to jail terms from three months to one year.[11] In 2005 their stock was delisted by Nasdaq.[12]
In 2007 the company went private[12] and in 2008 sold Supernews to Giganews.[13]
In October 2010, Critical Path and Mirapoint, a secure enterprise messaging company, announced their decision to merge.[14]
See also
Notes and References
- http://pevc.dowjones.com/Article?an=DJFLBO0020131204e9c4n4xzg&cid=32135001&ctype=ts&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%2fArticle%3fan%3dDJFLBO0020131204e9c4n4xzg%26cid%3d32135001%26ctype%3dts “Openwave Messaging Makes Add-On Play for Critical Path”
- http://www.silicontap.com/critical_path_acquired_by_openwave_messaging/s-0052645.html “Critical Path Acquired By Openwave Messaging”
- http://www.pehub.com/2013/12/marlin-equity-partners-seals-critical-path-deal/ “Marlin Equity Partners seals Critical Path deal”
- News: Synchronoss Technologies to Acquire Openwave Messaging. 6 May 2016.
- Web site: The search continues for David Colby Hayden . mtexpress.com . 2019-10-25 . 2022-10-17.
- Web site: Critical Errors at Critical Path . https://web.archive.org/web/20120730081000/http://www.businessweek.com/stories/2001-08-05/critical-errors-at-critical-path . dead . July 30, 2012 . BusinessWeek.com . 2012-07-25.
- Web site: Losing a Virtual Fortune - Page 2 - Los Angeles Times . https://web.archive.org/web/20130509183818/http://articles.latimes.com/2002/may/02/business/fi-fraud2/2 . dead . May 9, 2013 . Articles.latimes.com . 2002-05-02 . 2012-07-25.
- Chris Nolan . Inside Look: Critical Path Suits . Wired . Wired.com . 2012-07-25.
- Web site: Critical Path executives leave, lawsuits pile up - CNET News . News.cnet.com . 2001-02-13 . 2012-07-25.
- Web site: Complaint: SEC v. David A. Thatcher and Timothy J. Ganley . Sec.gov . 2012-07-25.
- Web site: Former execs of SF's Critical Path software company sentenced . SFGate . 2004-01-14 . 2012-07-25.
- Web site: Critical Path Goes Private . silicontap.com . 2007-12-06 . 2012-07-25.
- Web site: S.F.-Based Critical Path Sells SuperNews Usenet Business to Giganews . Silicon Valley Wire . 2008-03-07 . 2012-07-25 . 2016-03-04 . https://web.archive.org/web/20160304003142/http://www.siliconvalleywire.com/svw/2008/03/sf-based-critic.html . dead .
- News: Mirapoint and Critical Path to Merge. 19 November 2013. October 19, 2010.
