Kaleidescape hasn t had it easy for the past few years, plagued by legal issues and business model changes that never quite worked out.
Now it seems the company s days are coming to an end, as the company laid off all staff and closed its doors today, according to a forum message posted Sunday night.
While things seem grim, the company hasn t entirely given up hope, as company CEO Cheena Srinivasan is still actively looking for a buyer for the company.
So far, however, he hasn t been successful.
I never planned for this day, Srinivasan told CEPro.
When Kaleidescape first launched as a company, it was with a type of product that hadn t yet been invented: a server that could rip the user s DVDs, store them, and make them available to watch, meaning no more manually switching discs.