Entellium was a U.S. software company that developed on-demand customer relationship management software for small and midsize businesses. It was sold to Intuit in bankruptcy court, but as of October 2009, Intuit was reportedly not using the software.Wikipedia
Entellium was a U.S. software company that developed on-demand customer relationship management (CRM) software for small and midsize businesses. It was sold to Intuit in bankruptcy court, but as of October 2009, Intuit was reportedly not using the software. [1] Company description
The former CEO and chief financial officer of software-as-a-service provider Entellium are ... The executives told the board that they had overstated revenues by about $400,000 a month since 2004.
Entellium has raised more than $50 million from private investors over the past 4 1/2 years, with Ignition being the largest investor. ... "Revenues have been overstated since 2004 with a delta of ...
$50 million of venture capital down the drain. A fraudulent set of books, going back to 2004. How did this happen? Entellium, a Seattle-based software company, saw CEO Paul Johnston and CFO Parrish Jones resign, days before the two were charged with wire fraud. What no one has explained: How on earth were the two executives able to get away with overstating the company's revenues to ...
Entellium was a privately held Seattle corporation which sold customer relationship management software. According records filed in the case, JOHNSTON and JONES devised a scheme to defraud investors in the company by representing that company revenues far exceeded the actual figures. The misrepresentations were first uncovered in late September ...
Among that total was $19 million from Ignition, a Bellevue, Washington, venture capital firm, which wired Entellium $2 million in April on the basis of the phony figures, according to the government.
Entellium's board was told the company had 2006 revenue of nearly $4 million, when in fact it posted revenue of $582,789. Advertisement. Article continues below this ad.
Island resident Paul Johnston, the former chief executive of the Seattle software startup Entellium, has been sentenced to three years in prison for defrauding investors in 2008. He must also pay more than $2 million in restitution — the amount of his salary and bonuses over the four years when the fraud occurred. U.S. District Judge Robert Jones passed the decision in federal court on March 27.
Entellium Corp, a privately held U.S. maker of customer relationship management software whose former executives were recently arrested and charged with wire fraud, filed for Chapter 11 bankruptcy ...
The former CFO and former CEO of small, privately-held software company Entellium Corp, were charged with wire fraud for overstating revenue to help them secure financing. Parrish L. Jones, Seattle-based Entellium's former chief financial officer, and former chief executive officer Paul Thomas Johnston, were to appear in U.S. District Court ...
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