Israel business site Globes Online got the scoop about Qlusters closing shop after seven years in business. The last 30 employees of the company were informed earlier this week of the company’s decision.
Qlusters, the company formerly behind the openQRM project shutters only about a year after it raised $10 million in a Series C round. While the market of Infrastructure Management tools and particularly Virtualization Management frameworks is growing, Qlusters failed to realize its goals and burned through approximately $34 million of capital.
As we reported earlier, Qlusters had no new roadmap after dropping the opensource openQRM project, which recently announced the beta of it’s 4.0 rewrite. It’s always sad to see a company like Qlusters leave the market like this, but fortunately their technology will continue to live on thanks to the open source community.