clearspring - the widget network.

2008 was an exceptional year for Clearspring. Although it was a year marked with progress, these achievements were bittersweet.

We increased revenues by orders of magnitude, secured financing from world-class investors NEA, and have built and acquired two industry-leading platforms in the widget and sharing spaces, respectively, that reach over 400MM unique users globally. We have over 200 leading media companies and agencies as partners, and over 300K users leveraging our platforms.

Like many companies, however, we had to make adjustments in response to the economic uncertainty. In the fourth quarter of 2008, we reduced our workforce to focus on key growth markets and concentrate development efforts around core products and services. We are confident that this move positions us with ample runway to grow our business in 2009. We will continue to deliver our superior level of customer service and lead the industry as we pioneer widget monetization and sharing technologies.

We are sad to have parted with our friends. We couldn’t have done it without you, and it goes without saying you will be missed.

Love (actually),

Hooman
CEO, Clearspring

This entry was posted on Monday, January 5th, 2009 at 9:51 pm by Hooman and is filed under clearspring. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.