How to pivot away $34m: Israel’s Xeround shuts it doors with a lesson
The Next Web
MAY 12, 2013
Xeround was founded in 2005 by Sharon Barkai – founder of Sheer networks, which was eventually sold to Cisco , and Dr. Gilad Zlotkin – founder of Class Data, also sold to Cisco. Sales cycles were long and unpredictable. Xeround had to bundle their services with a cloud provider, and to make that work properly costs money.
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