Surf Wiki
Save to docs
general/companies-established-in-1997

From Surf Wiki (app.surf) — the open knowledge base

Critical Path, Inc.

Irish provider of messaging services

Irish provider of messaging services

FieldValue
nameCritical Path, Inc.
logoCritical Path.png
logo_altCritical Path's logo
typePrivately held company
foundation1997
locationDublin, Ireland
fateAcquired by Openwave (December 4, 2013)
key_peopleMark Palomba, CEO and Chairman
Tim Noel, CFO
Barry Twohig, EVP of Engineering
industrySoftware
num_employees331
productsMobile Software
Messaging Software
Anti-Abuse Software
Identity Management Software
revenue$66.963 million USD (2005)

Tim Noel, CFO Barry Twohig, EVP of Engineering Messaging Software Anti-Abuse Software Identity Management Software

Critical Path was a provider of messaging services, working with mobile operators, telecommunications companies, ISPs, and enterprises. It was acquired on December 4, 2013 by Openwave Messaging. On March 2, 2016, it was announced that Synchronoss Technologies agreed to acquire Openwave Messaging.

History

Critical Path, Inc. was founded in 1997 by David C. Hayden and Wayne Copeland de Geere 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. 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, culminating in a management shakeup and SEC action against the company's President, David Thatcher, and other executives. Thatcher and two others pleaded guilty and were sentenced to jail terms from three months to one year. In 2005 their stock was delisted by Nasdaq.

In 2007 the company went private and in 2008 sold Supernews to Giganews.

In October 2010, Critical Path and Mirapoint, a secure enterprise messaging company, announced their decision to merge.

References

References

  1. link. (2013-12-13 , [[Dow Jones & Company). Dow Jones]], New York, NY, 5 December 2013. Retrieved on 5 December 2013.
  2. [http://www.silicontap.com/critical_path_acquired_by_openwave_messaging/s-0052645.html “Critical Path Acquired By Openwave Messaging”], [[Silicon Tap]], San Jose, CA, 5 December 2013. Retrieved on 5 December 2013.
  3. [http://www.pehub.com/2013/12/marlin-equity-partners-seals-critical-path-deal/ “Marlin Equity Partners seals Critical Path deal”], [[Thomson Reuters]], New York, NY, 5 December 2013. Retrieved on 5 December 2013.
  4. "Synchronoss Technologies to Acquire Openwave Messaging".
  5. (2019-10-25). "The search continues for David Colby Hayden". mtexpress.com.
  6. "Critical Errors at Critical Path". BusinessWeek.com.
  7. (2002-05-02). "Losing a Virtual Fortune - Page 2 - Los Angeles Times". Articles.latimes.com.
  8. Chris Nolan. "Inside Look: Critical Path Suits". Wired.com.
  9. (2001-02-13). "Critical Path executives leave, lawsuits pile up - CNET News". News.cnet.com.
  10. "Complaint: SEC v. David A. Thatcher and Timothy J. Ganley". Sec.gov.
  11. (2004-01-14). "Former execs of SF's Critical Path software company sentenced". SFGate.
  12. (2007-12-06). "Critical Path Goes Private". silicontap.com.
  13. (2008-03-07). "S.F.-Based Critical Path Sells SuperNews Usenet Business to Giganews". Silicon Valley Wire.
  14. (October 19, 2010). "Mirapoint and Critical Path to Merge".
Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

companies-established-in-1997
Want to explore this topic further?

Ask Mako anything about Critical Path, Inc. — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report