Agitar: The market’s not big enough

Yesterday afternoon, we received word from Agitar’s Jerry Rudisin. Although he’s still listed on the company’s management-team page as CEO and president, he identified himself as the former CEO. He told us,

The management team decided in March not to pursue additional venture financing, and as a result decided with the Board to wind down the company and sell the assets… we had some great successes worthy of celebration but ultimately concluded that the market we served was just not big enough to support the kind of valuable business we wanted to build.

We reported that Agitar is winding down its operations last Monday, May 12, on SDTimes.com.