● 07.02.10

●● Company of Novell Co-Founder Drew Major is Now Dead

Posted in Deals, Microsoft, Novell at 5:40 pm by Dr. Roy Schestowitz

Summary: Move Networks is reportedly shutting down, self-destructing and selling whatever is left

The last time we mentioned Drew Major was one month ago. Major founded a company called Move Networks, which has just gone out of business and currently looks for a buyer of its assets.

A report today says that Move Networks, the video streaming firm founded by Novell founder Drew Major, has shut down, according to a report from The Diffusion Group.

In related news, a Novell Ventures partner is renaming itself.

The venture firm, whose partners includes managing directors from Utah Ventures/UV Partners and Novell Ventures, said “now was the time to change the name” to reflect the direction of the firm.

Novell Ventures is a 12-year-old captive venture capital vehicle of Novell. █

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