iSpheres Closes as Funding Dries Up
FRONT PAGE: ORGANIZATION & STRATEGY
iSpheres Corp., a California-based low-latency data analysis software provider, has closed for business after failing to attract sufficient capital from investors to keep running, Inside Market Data has learned.
When contacted by IMD after phone lines at the vendor's Oakland, Calif. office went unanswered and its Web site was decommissioned, president and chief executive Deepak Gupta confirmed that the company no longer exists.
"Basically, we ran out of money," Gupta says. "If we had money, the
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