Yoomba latest in wave of VoIP closures
Yoomba, a Menlo Park, Calif.-based company that let users send and receive phone calls and instant messages through their email programs, has shut its doors, reports VentureWire — continuing the trend of VoIP consolidations and failures that has emptied a once crowded space (including still afloat Jajah and Broadsoft).
There was a fairly salient flaw in Yoomba’s business model — users could only call others who had downloaded the program, and its market share just wasn’t big enough to make it work.
The company, which has already taken down its web site, had taken undisclosed funding from Global Catalyst Partners and US Venture Partners.
Next Story: Credit problem takes down the iTunes store
Previous Story: Roundup: Ma.gnolia, Red Herring, Microsoft spy and Japan have a bad week, and more
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.