UltraDNS status

[Forrest Aldrich]

Hi,

I inquired to UltraDNS, in response to some rumors that I had read here on 
the list about their being defunct.  I received this response, and they 
politely requested that I post it to the list to clarify things.

I thought this was appropriate.  If it's not, accept my apologies.  (I have 
no relationship with this company; I'm just a curious third-party)


Forrest

===============================================

From: "Michael Guglielmi" <mikeg at ultradns.com>
To: <forrie at forrie.com>
Subject: UltraDNS - Follow-up
Date: Fri, 6 Jul 2001 09:56:17 -0700
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Hello Forrest:

This couldn't be further from the truth.  In fact, I can tell you with great
confidence that we are in better shape now than we have ever been.  I assume
you are referring to news back in May when we announced a stream-lining
event?  To be honest with you, our DNS platform has reached a mature stage
and we could no longer justify keeping the large development and operations
teams in place.  In fact, we have been running our network in a production
environment for 2 years now.  Like many companies, we hired aggressively
last year in expectation of a continuing boom that would justify the need
for additional head-count.  And when reality sets in it makes sense to
stream-line if you can maintain the same QoS to your customers that they
have grown to expect.  From a financial perspective we are in great shape
and have over 2 years of operating cash left in the bank.  We recently
(January 2001) closed our Series B round with Reuters, Vantage Point Venture
Partners, and New Enterprise Associates.  To be more direct, we did a very
fiscally responsible thing by acting the way we did to stream-line and
conserve our cash burn.  And on top of that, even after the press came out
we still have had major customer announcements from companies like MSN
Hotmail and, soon to be publicly released, a second Fortune 200 company.

May I ask where you heard this rumor from?

Regards,
Michael Guglielmi