RatcliffeBlog - Mitch Thinking Out Loud

Knowing When To Fold 'Em

Baltimore Technologies launched last year and sold most of its assets this year, because, in the company's words:

Since the launch of the controlled sale process in May, Baltimore has believed that the Company lacks critical mass. During the course of the past two years the Company has succeeded in significantly reducing operational cash burn. However, Baltimore alone does not represent a platform on which to consolidate. The need for scale in today's infrastructure software market makes the disposal of Baltimore's core PKI business an obvious proposal.

I applaud their honesty. Instead of plowing more capital into a losing proposition, they did the right thing.