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Home > Company Index > Computer Software & Services > Corporate, Professional & Financial Software > Quintus Corporation

Quintus Corporation
Nasdaq: QNTSE
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 NEWS FROM THE STANDARD
The Beginning of the End of the End?
Apr 04 2001 04:12 PM PDT

Talk To Me
May 15 2000 12:00 AM PDT

 PROFILE
Quintus used to be the life of the party, but now it's a shell of its former self. The company made a name for itself as a provider of customer relationship management software for handling the operations of customer contact centers. In 2001, facing continued losses, a cash shortage, shareholder lawsuits, and an investigation into falsified financial records, Quintus filed for Chapter 11 bankruptcy protection. The company has sold most of its assets to Avaya, the communications systems and software spinoff of Lucent Technologies. Entities associated with Credit Suisse First Boston own about 30% of Quintus, which is keeping its doors open in order to settle financial obligations.

 DEALS
Deal: Quintus Sells Assets to Avaya
Date Announced: 02.22.01
Value of transaction (US $Mil): 30
Description: Bankrupt customer-service software firm sells assets to Lucent's enterprise networking spin-off for cash.

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 TRACKERS
Dec. 14, 2000 - LAYOFF TRACKER
120 laid off
Description: Planning to scale back its sales initiative directed toward emerging markets and hosting/ASP activities. Eliminating 24% of its workforce.

More LAYOFF NEWS

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 51.70
1-Yr. Sales Growth: 70.6%
Employees: 292
Revenue per employee: $177,054.79

 KEY PEOPLE
• Paul Bartlett
    CEO

 CONTACT INFO
47212 Mission Falls Ct.
Fremont, CA 94539
US
Phone: 510-624-2800
Fax: 510-770-1377
Online: Web Site

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