SPOTLIGHT: Myrio: Staff losses normal for acquired start-up


I spoke with Myrio's VP of Home Entertainment, Kevin Kosche today about the rumored staff hemorrhaging at the recently acquired middleware company. Kosche assured me the loss was an inconsequential percentage, which should be expected after a 465,000 employee-large company like Siemens acquires a start-up with a staff of 75 people. The die-hard entrepreneurs never stay following an acquisition, but in all fairness Kosche did not provide a specific number. Instead, he pointed to a particularly trying time in Myrio's history-following the "dot-splat" at the turn of the century. Myrio had about 110 employees at the time of the Bubble, but following the crash had to strip down to 45 staffers and transition to a middleware-only business (used to be an end-to-end company). Forty of those 45 employees stayed with the company until the acquisition and a great majority is still with the company today. So, fears allayed? You tell me. Article

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