PubSub CEO Steps Down
Posted on March 8, 2006
A post on the PubSub blog says CEO Salim Ismail has stepped down. Constantine Gus Spathis is taking Ismail's place as CEO.
Salim Ismail is no longer with the company and has resigned from the Board of Directors. We wish him well in his new endeavors and opportunities.TechCrunch.com says there are serious acquisition rumors floating around for PubSub, which is a blog search and analysis tool. Om Malik blogs that the acquisition rumors have been going on for a while. Crazy Canuck Chronicles thinks PubSub is a likely target for an acquisition.
As we move into our 5th year as a company, we will continue to provide you with the quality service that has made PubSub more popular than ever before. Our user base continues to grow and our relationships with our partners and services to the community will always be our number 1 priority. Over the past 6+ months I have worked internally helping the company focus on meeting its commitments to our partners and the community and look forward to continue to serve the community in any way I can.
Frankly, I would agree with Michael Arrington's comment that PubSub is a likely acquisition target. They do offer a very interesting service, but as a standalone offering, the opportunities are becoming increasingly narrow. As part of a larger Social Web/Web 2.0 firm with a broad range of products, PubSub's technology could become the glue that holds the various parts together.Salim Ismail himself has a post on his blog about his departure from PubSub. He is planning a holiday.