>> Mike Linksvayer:

“This ends on a particularly strange note, as OwnCloud finally concludes that it has to close its doors after their main lenders cancelled their credit. 8 employee contracts were terminated in the process, and the company will be forced to close its doors. Paradoxically "The ownCloud GmbH is not directly affected by this and the growth of the ownCloud Foundation will remain a key priority."


I'm confused. What closed its doors? I would've thought the business, but the next sentence says the GmbH is not affected. Anyone know?”

The developers themselves and the promise of their future intellectual properties was the asset or other collateral used to secure the debt?