Mobile Video Solutions company Dilithium Networks has shut its India operations, reports the Economic Times.
Unnamed sources told ET that the parent company had shut down, and half its 150-200 employees were based in Noida, India. However, PressDemocrat.com quotes Marwan Jabri, acting CEO of Dilithium as saying that the company has not ceased operations, but is undergoing a deep restructuring, owing to a cashflow problem, due to delayed payments. According to its website, BSNL is one of Dilithium’s customers, and had selected the company for deployment of new mobile video & streaming services over 2G and 3G networks, for video streaming, live TV and 2-way video calling. Other customers include Yahoo, China Mobile, Chungwa Telecom (Taiwan), D2see (UK), Echovox Group (France), Vodafone (6 operations), VTM (Belgium), HTC, TechFaith, Spreadtrum, Datang and Qualcomm.
Dilithium appears to have recently removed information about its management team (screenshot) and investors. Its investors, according to a cached version of the page (screenshot) include Accede Capital, CM Capital, Entrepreneur America, Franklin Templeton Investments, Galleon Group, IDA (Singapore), JAFCO Investment, Motorola Ventures, TMT Ventures and US Venture Partners.
According to PressDemocrat, Dilithium intends to seek a new business model, and is selling assets and closing global offices. Apart from India, Dilithium had offices in Singapore and the United Kingdom and sales offices in China, France, Italy, Portugal and Dubai.
Note: MediaNama had received an anonymous tip regarding the same on August 3rd, and when we called the Dilithium office, the security guard who answered the phone said that the office was shut for a week, not willing to disclose why the office was closed, or share contact details of company executives. We were unable to dig further. Our apologies to the anonymous tipper, but please keep ’em coming.