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“We’re finding it hard to keep people engaged,” he told The Globe last week.AntiVirus Artworks Audio Cellular Phone Computer Hardware Internet Links Linux Malware Media Player Movie Mozilla Firefox Multimedia Music PCMAV Personal Politik (Polah Menggelitik) Portable Application References Review Security Software Tips and Tricks USB Virus Windows Windows Registry Windows Vista Windows XP As its formal sales process begins this week, Mr. O’Rourke said.Īlthough RenoRun’s revenue still managed to double to $77-million last year, the company has been in talks with potential buyers.

However, RenoRun hasn’t paid severance to a majority of the workers that were part of cuts in February because “a subset of investors” vetoed options presented by the company to do so, Mr. A fourth round of cuts to its staff brought down the company to 144 employees.

RenoRun has also slashed its work force repeatedly. The final attempt died after the Quebec government’s investing arm walked away from an attempted US$30-million financing, pulling its US$5-million commitment. The company’s sales tripled for each year from 2018 to 2021, and it had plans to repeat that in 2022 by reaching $120-million.īut the unprofitable company was unable to raise needed capital despite numerous attempts over the past nine months after investors couldn’t agree on a financing package, The Globe reported. Last year, RenoRun was a hotshot technology startup that had plans to expand across North America, and had announced a US$142-million financing led by Tiger Global Management.

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