|Title||Sunk by 'Patent Troll': Iron Speed Director Asks 'Anyone Want to Buy Us?'|
|Date||Tuesday September 08 2015, @11:08PM|
|from the when-the-system-doesn't-work dept.|
Iron Speed, a firm which provided a rapid application development tool for creating .NET apps, is shuttering itself thanks to "litigation with a patent troll", according to a letter sent to customers by co-founder and chairman Alan Fisher.
The Iron Speed designer enabled developers to create applications for web, cloud and mobile using a point-and-click interface. Customers include AT&T, Cisco, DHL, Disney, HP and the US Army, according to the company's website. Yet all this is no more, writes Fisher:
There are several reasons for this, one of which has been the ongoing expense of litigation with a patent troll who has challenged our intellectual property. While we feel this is baseless, patent litigation is generally a multi-million dollar exercise. This has put a drain on our resources we can no longer afford, and coupled with excessive cracked key use and license sharing, our product sales have been severely impaired.
We will continue offering Technical Support through December 31 2015, but it is unlikely that there will be future software releases.
Because we are unable to issue any refunds, any customer with current software update or technical support subscriptions has been issued an additional perpetual license in his account.
A thread on the Iron Speed forums confirms the situation and provides more details.
The patent issue seems related to the way the Iron Speed designer generates applications automatically based on a database schema, removing much of the gruntwork in building applications that are essentially forms over data.
printed from SoylentNews, Sunk by 'Patent Troll': Iron Speed Director Asks 'Anyone Want to Buy Us?' on 2022-05-22 10:22:41