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Monday, June 08, 2009 6:21:45 PM
These low-power risc SciCortex systems are now low-power door stops.
I think one must now interpret that "risc" systems are labeled as RISK systems - because they are NOT x86 systems.
And that is where the RISK lies.
SciCortex to close operations, sell assets
May 28 2009 10:04AM EDT
High-efficiency supercomputer maker SiCortex Inc. is closing its doors, according to people familiar with the matter and an online blog by a consulting firm hired to help wind the company down.
The company's pending closure was first reported by HPCwire.com. The supercomputing Web site said late Wednesday, citing unnamed sources at the Maynard, Mass., company, that said most of SciCortex's employees had been let go and that the company was preparing for an asset sale. The Boston Business Journal reported in April SiCortex employed 80 people.
Gerbsman Partners, a business consulting firm based in California, posted on a company blog Thursday that it has been retained by SciCortex's board to solicite bids for the company's assets, namely its intellectual property.
SiCortex’s primary product is a high powered computer — one needed for complex computations and scientific discovery — that was up to 80 percent more efficient than traditional supercomputers. Some can be plugged into traditional wall sockets.
Based on past interviews, the company’s primary customers include government and academic institutions that can not afford multimillion dollar systems. The company had sold about 70 units in the past year.
SiCortex was backed by several venture capital firms, including Cambridge, Mass.-based Flagship Ventures and Waltham, Mass.-based Polaris Venture Partners. The company raised a $5 million venture round as recently as January. It has raised a total of $37 million.
Reached by phone Thursday, a SciCortex receptionist would not immediately comment on the reports, nor would the company’s public relations firm Racepoint Group in Waltham.
SiCortex has not filed a bankruptcy protection in Massachusetts or Delaware, where it is incorporated.
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