Web portal Excite UK is shutting down its operation and shedding its remaining 48 jobs after a last-ditch funding effort fell short, the company said on Monday.
The portal had been looking for a strategic partner for the past few months as its business suffered from the online advertising slump.
"The decision to cease trading is both unavoidable and deeply regrettable," said Excite UK managing director Rebecca Miskin. "Our priority now is to our users and our employees and to ensure that the closure is managed in an orderly fashion."
The company said any money left over from the shutdown will be split between BTopenworld, which owns 42 percent of the venture, and Excite@Home, which is looking to conserve cash in advance of its planned shutdown in the United States at the end of February.
News source: Reuters
The portal had been looking for a strategic partner for the past few months as its business suffered from the online advertising slump.
"The decision to cease trading is both unavoidable and deeply regrettable," said Excite UK managing director Rebecca Miskin. "Our priority now is to our users and our employees and to ensure that the closure is managed in an orderly fashion."
The company said any money left over from the shutdown will be split between BTopenworld, which owns 42 percent of the venture, and Excite@Home, which is looking to conserve cash in advance of its planned shutdown in the United States at the end of February.
News source: Reuters
Part of the problem seems to be that business managers buy IDS systems (often on the advice of auditors or consultants) without committing to the people and resources needed to make the technology work, or having a managed services firm maintain an installation.
The concern is that adopters of the technology will fail to maintain it or simply leave it to gather dust as overworked admins get bombarded with false alarms.
In recent weeks The Register have spoken to two service providers, COLT Telecom and Data Return, who both told us customers request the installation of IDS systems in their datacentre but then subsequently fail to monitor the alerts generated.
Speaking at a recent Black Hat conference, Nicolas Fischbach, senior IP and security engineer at COLT Telecom, said IDS systems if hosting environments generate "thousands of alerts but no one watches them."
This can generate a false sense of security, he warned.
Users at last night's conference echoed these concerns and one summed up the feelings of the meeting by saying "installation of IDS systems is only 10 per cent of the solution".
Brian Milnes, general manager in Northern Europe of security tools firm Intrusion.com, said buying a IDS systems was like "buying a Christmas puppy" because both needed attention.
Commenting has either been disabled on this article or you are not logged in. Click here to login or register, its free!
Note: Anonymous commenting is disabled in order to keep the quality of responses to a high standard.