Internet Brands Inc to be acquired by Hellman & Friedman Stockholders for $640million
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I love a bad analogy. So let's take a rock band with original members who have a string of number one hits and sell out world tours. Suddenly the song writer, lead guitarist and drummer all decide they have had enough and quit the band. The lead singer wants to carry on so finds himself a bunch of new musicians to continue performing and releasing new music. Those new musicians may all know how to hold a musical instrument, write lyrics and perform in front of a audience, but it's never quite the same again. The chemistry just isn't there. The popularity of the group wanes, the new music is nowhere near as good, and their biggest fans pine for the days when the original bandmates were all together.
I think the analogy works reasonably well. In the same way as those new musicians could play the same instruments as the old band members who quit, new coders will be found who know as much, if not more, about coding in PHP as the original Jelsoft development team. But will they ever gel together as a team as well as the original Jelsoft development team? It's very difficult.vBulletin - Sometimes, I'm just like, Wow, and then I'm like, Whoa, and then I'm like, Damn.
vBulletin.org's ol' Moderator
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vBulletin - Sometimes, I'm just like, Wow, and then I'm like, Whoa, and then I'm like, Damn.
vBulletin.org's ol' Moderator
I have a lifetime terrorist hunting permit - #091101
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Shamil Nunhuck, - Radon Systems Ltd.
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vBulletin - Sometimes, I'm just like, Wow, and then I'm like, Whoa, and then I'm like, Damn.
vBulletin.org's ol' Moderator
I have a lifetime terrorist hunting permit - #091101
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Yes, but if you don't get the pizza there in 30 minutes, do they still have to pay for it?vBulletin - Sometimes, I'm just like, Wow, and then I'm like, Whoa, and then I'm like, Damn.
vBulletin.org's ol' Moderator
I have a lifetime terrorist hunting permit - #091101
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Shamil Nunhuck, - Radon Systems Ltd.
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vBulletin - Sometimes, I'm just like, Wow, and then I'm like, Whoa, and then I'm like, Damn.
vBulletin.org's ol' Moderator
I have a lifetime terrorist hunting permit - #091101
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We are pleased to announce that Jelsoft Enterprises Limited has been acquired by Internet Brands [...] you will begin to see noticeable changes and improvements that are made possible by being part of a larger organisation [...] The day-to-day management of Jelsoft will continue largely unchanged. I will continue as Managing Director and CEO of Jelsoft, working alongside the executive team at Internet Brands.
Jelsoft will continue to exist as a stand-alone company. All Jelsoft staff, including management, will remain the same, and the headquarters will continue to be in the UK.👍 1Comment
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Shamil Nunhuck, - Radon Systems Ltd.
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Thank you for verifying that.vBulletin - Sometimes, I'm just like, Wow, and then I'm like, Whoa, and then I'm like, Damn.
vBulletin.org's ol' Moderator
I have a lifetime terrorist hunting permit - #091101
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Yes, of course... let's just treat time as an infinitesimally small interval because that's what's really relevant to vBulletin users. What James said was meant to soothe customers' concerns about the future of vBulletin - not its status quo.
James said that the company and the management of Jelsoft would remain unaffected by the acquisition through IB. I maintain that this statement was false based on everything that occurred afterwards. Adrian is now repeating the same sentiment by saying that "changes to our shareholders, and the Board of Directors that represent them does not have a direct impact on vBulletin's development or policies, nor does it have a direct impact on vBulletin staffing". Why should Adrian be any more right than James?Comment
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I hope people realize that even without this acquisition change could still happen. In fact, you can make the case that change is inevitable eventually.Steve Machol, former vBulletin Customer Support Manager (and NOT retired!)
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Mankind is the only creature smart enough to know its own history, and dumb enough to ignore it.
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Shamil Nunhuck, - Radon Systems Ltd.
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