Update: Moka5 kept a skeleton crew to support customers, is looking for a buyer

Earlier this week I reported that Moka5 appeares to have gone out of business. Today I received a phone call from Vlad Kolpakov, Moka5's VP of Finance for the past two years.

Earlier this week I reported that Moka5 appeares to have gone out of business since they fired all most-to-all of their employees, their social media feeds went dead, and I was unable to actually talk to anyone at the company or get to a human being via the phone number listed on their website.

Today I received a phone call from Vlad Kolpakov, Moka5's VP of Finance for the past two years. He told me that Moka5 has not completely shut down. They currently have 12 employees (mainly in support and developers) to maintain their support contracts and customers, and that the company is actively looking for a buyer. He said that the company has had quite a bit of a crisis and that the rumors are understandable, but that they they did still exist in a very limited capacity.

I asked Vlad about why they vanished so suddenly and why the Twitter and Facebook feeds went dark. I kind of got the impression it was because all of the people who were responsible for those things were let go.

Vlad also confirmed what another ex-employee told me on Wednesday—that the company had only received about $60m in financing, not $104 as listed in CrunchBase. (Though there's some wiggle room there depending on what you count as funding. Sometimes companies take debt which they don't count but which VCs do.)

Anyway this seems like good news. Hopefully they can find a buyer and they have enough staff for the buyer to get some value. I'm still not sure why they decided to just simply vanish from the public and let the rumors fly, though I guess as long as they communicated with their customers then it doesn't matter what the rest of the world thinks.

So if anyone is interested in buying a tech company, I'm still not sure how to get in touch with them, but I bet you can get a heck of a deal! Hopefully we'll be able to post a follow-up next week confirming that they did find a buyer.

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

SearchVirtualDesktop

SearchEnterpriseDesktop

SearchServerVirtualization

SearchVMware

Close