Feeds

GorillaPark emerges as GP Ventures

Tech incubator battles on

  • alert
  • submit to reddit

Top three mobile application threats

GorillaPark, the largest privately-held tech incubator and business accelerator in Europe and once a bellwether of the now-burst technology bubble, is no longer.

The company was declared bankrupt last week, although it managed to pay its creditors - including Deutsche Bank, Goldman Sachs and Fortis Bank - at least $6m, former CEO Mol told Dutch news site Emerce today. Initial investments amounted to over $75m.

As a result of a management buy-out led by Jerome Mol, the business will now continue as GP Ventures, which nurtures at least three former GorillaPark startups: Vibrant Media, Mobile Commerce and Natural Motion, all based in the UK. Its website is still under construction.

GorillaPark filed for bankruptcy protection in September 2003. At the time Mol claimed that the shake-up had no consequences for the 60 or so people working for the company. But most offices, including those in Amsterdam, were already empty by the beginning of this year. ®

Related story

GorillaPark goes titsup

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.