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Miscellaneous News   Miscellaneous News : Tao Group Goes into Administration
   posted by Mark on 13-Jun-2007 13:14:40 (9327 reads)
According to theregister:

Tao Group

The Tao Group is in administration. The Tao Group produces the Intent platform that Amiga Inc.'s AmigaDE runs on.
    

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PosterThread
hatschi 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 18:29:31
#21 ]
Elite Member
Joined: 1-Dec-2005
Posts: 2328
From: Good old Europe.

Quote:
Does that mean there will be no AmigaOS5?


McEwen stated that OS5 won't be "built on top of Intent" and "is not related to TAO".

Link (scroll down a bit)

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Rob 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 18:45:36
#22 ]
Elite Member
Joined: 20-Mar-2003
Posts: 6385
From: S.Wales

@Amiga_3k

They're on the same street as Amiga Inc's New York office.

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ne_one 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 19:21:35
#23 ]
Cult Member
Joined: 13-Jun-2005
Posts: 905
From: Unknown

Quote:
You probably mean AInc should have bought the tao group


Or rather avoided it like the plague.

If they've thrown in the towel it sounds like the market was simply not happening.

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Amiga_3k 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 19:36:58
#24 ]
Cult Member
Joined: 17-Jun-2006
Posts: 835
From: Ohrid, Macedonia

@Rob:

Hehehe... Guess the rumours can start... NOW!


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Rudei 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 19:57:14
#25 ]
Elite Member
Joined: 20-Nov-2002
Posts: 3589
From: Dallas, Texas

@The_Editor

That's quite funny for you!

Rude!


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ChrisH 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 20:45:26
#26 ]
Elite Member
Joined: 30-Jan-2005
Posts: 6679
From: Unknown

@fryguy who said Quote:
This might be good, hopefully they will give up that amigade crap for good now.

If you look at Amiga Inc's web site, you will see that the last AmigaDE news is from "October 10, 2006". I would be tempted to say their 8 month silence indicates that they have already given-up on AmigaDE...

If you want a conspiracy theory: They decided to pull the plug on Hyperion in November 2006. So perhaps Tao was starting to have trouble before then. The Oct 2006 deal was the last AmigaDE thing to trickle through - they decided to give-up on AmigaDE and concentrate on OS4 - hence what they did in November. It could even be true


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fairlanefastback 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 20:49:43
#27 ]
Team Member
Joined: 22-Jun-2005
Posts: 4886
From: MA, USA

Quote:
Poster: Rob Date: 13-Jun-2007 14:45:36

@Amiga_3k

They're on the same street as Amiga Inc's New York office.


We pack a lot of stuff on that street, I wouldn't read too much into that. :)

Also their USA office is in PA, not NY no?

http://www.xacp.com/contact.htm

If you are thinking of this company:

http://www.crossatlanticpartners.com/index_files/Overview.htm

They "invest solely in developing healthcare and life science companies in the United States." So I am pretty sure its the xacp.com one.

Last edited by fairlanefastback on 13-Jun-2007 at 08:58 PM.
Last edited by fairlanefastback on 13-Jun-2007 at 08:57 PM.
Last edited by fairlanefastback on 13-Jun-2007 at 08:54 PM.
Last edited by fairlanefastback on 13-Jun-2007 at 08:53 PM.


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Rob 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 20:51:42
#28 ]
Elite Member
Joined: 20-Mar-2003
Posts: 6385
From: S.Wales

@Amiga_3k

Quote:
Hehehe... Guess the rumours can start... NOW!


Not just yet. There seem to be quite a few venture capitalists on Madison Avenue NY. Try using it as search here.

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Rob 
Re: Tao Group Goes into Administration
Posted on 13-Jun-2007 21:01:14
#29 ]
Elite Member
Joined: 20-Mar-2003
Posts: 6385
From: S.Wales

@fairlanefastback

Seems I was a little sloppy and didn't consider there might be more than one.

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Amiga_3k 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 5:39:22
#30 ]
Cult Member
Joined: 17-Jun-2006
Posts: 835
From: Ohrid, Macedonia

Got as far as concluding that it is a Delaware operation. Guess Delaware must be somekind of tax-heaven for the filty-rich.

I couldn't help but think 'Cross Atlantic' (Bill in the USA, Fleecy in Uk, Atlantic in the middle), 'Capital Partners' (they seem to be rather serious when it comes to clean eachothers' shirts when it comes to bills not payed).


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ChrisH 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 8:18:03
#31 ]
Elite Member
Joined: 30-Jan-2005
Posts: 6679
From: Unknown

Some interesting comments were made on The Reg's page, including Quote:
Notes from a recent ex-employee
By Chris Rimmer
Posted Thursday 14th June 2007 00:33 GMT

I joined Tao Group in February 2006. Together with all the other employees, I was made redundant by the administrator of Tao Group on Monday (11 June).

I just thought I'd mention, given one of the comments above, that I was paid in full throughout my employment with Tao Group, except for May 2007 when the company ran out of money. There was apparently a potential investor who was prepared (and had been for some months) to buy the whole business, pay the employees for May, and keep it running as a going concern. But what happened instead was that for some unfathomable (to us) reason it was sold to a mysterious single-purpose company, presumably to sell or licence the patents, since it is unlikely to be able to do much more than that with no employees who have worked on the intent software.

Needless to say, we're not terribly happy with the way that the sale of the assets to the new owners appears to have been subsidised with what should have been our payments for the work done in May, for our notice periods, and for our redundancy: none of which we expect to receive because the VCs appear to have a higher priority claim to Tao Group's current assets (i.e. the payment received for the assets sold) than.


Sounds like Tao really is dead, rather than Amiga Inc (indirectly) buying them for OS5.

Last edited by ChrisH on 14-Jun-2007 at 08:20 AM.


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linnar 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 9:38:21
#32 ]
Cult Member
Joined: 26-Dec-2005
Posts: 923
From: Unknown

Cross Atlantic
TAO Media Group in Cross Atlantic site

TAO name is TAO Group Ltd
Cross Atlantic name for TAO is TAO Media Group

Cross Atlantic and other sites in the link's on the site is
very "likelook" Amiga Inc site...
..conspiracy theory..?!


Here is relation TAO-Amiga:
Quote:
Tao Group is a well known name in the embedded systems market, but they became very popular when Amiga, Inc. licensed their products for the next generation of Amiga, AmigaDE. The Tao Development Team answers today a series of questions regarding AmigaDE, Tao's relationship with Amiga, Inc. and their technology they offer in general. They also clear up some misunderstanding that seem to exist regarding what AmigaDE really is, and they offer to our readers a number of cool screenshots of the platform.


1. Please tell us a little about Tao.

Tao Development Team: Tao Group is an intellectual property generator and software engineering company based in the UK. The company was founded in 1992 and currently has around 80 employees. The initial ideas for our technology were developed in the eighties by Chris Hinsley, who at the time was a well known games programmer, writing such hits as Automania, Pyjamarama and Everyones A Wally, on the Spectrum and 8bit micros, and Onslaught on the Atari St and Amiga. In the early 90's Francis Charig helped turn those ideas into a business reality, Tao was formed and we have gone from strength to strength.

Our main products include a binary portable, real-time, language independent embedded OS, multimedia libraries, and a small, very fast Java Virtual Machine, Personal Java libraries and MIDP implementation.

We've just announced a major investment of almost $20M into the company. Shareholders include Sony, NEC, Motorola and Sharp. We have well known relationships with many other global technology companies.

2. Please explain to us the relationship between Amiga and Tao. What Tao was asked to do for AmigaDE's plans? And in fact, what these plans are? Is Amiga going to be re-born, an Amiga as the way we knew it or something completely different?

Tao Development Team: The relationship between Tao and Amiga is fairly simple. Amiga licensed our technology as the basis of its new operating system and environment. We were supportive for several reasons.

Firstly, there are still many Amiga developers out there, probably 40,000 or so. They are skilled at writing low level programming; games, tools, demos, multimedia etc. We felt that the Amiga programmers were going to be a match for Tao's technology. I was interested to read on your site about the winning demo at Assembly 2001 being an Amiga demo. Those are the sort of programmers we love to have developing content for Tao's multimedia platform!

Secondly a lot of people here at Tao cut their teeth on the Amiga in the eighties and so the propsect of a 'new Amiga' using our technology was appealing.

The Amiga deal also provided a retail channel for Tao's technology. Tao mainly deals directly with the large consumer electronics companies and we thought it would be great to get the technology into the hands of small businesses, lone developers and enthusiasts; perhaps even revive the bedroom coding boom of the eighties in some way. In a way it wassomething of a departure from our normal business model, which usually involves us working very closely with the major consumer electronics companies.

Regarding doing work specifically for Amiga DE that wasn't quite how it worked. Essentially Amiga got a drop of the system, training and technical support and then got on with whatever they wanted to add on top of our system. Apart from our normal policy of continual improvement to our platform we did not develop anything specifically for Amiga, apart from a few initial demos to get the Boing ball rolling. We still provide technical support and other help when required.

As far as what Amiga's plans are now and where they go from here, you would have to ask Bill McEwen over at Amiga. Although we have a good relationship with them, it isn't appropriate for us to discuss their next developments.


And more:
osnews

Investors:

-Motorola/Freescale, Inc., $7.5 million.
-Sony, $4 million.
-Bowman Capital, Sony, NEC, Mitsubishi, Kyocera, Sharp and private investors, $21.7 million.
-Freescale, Inc., Cross Atlantic technology Fund II l.P. and private investors, $8.3 million.
-Cross Atlantic technology Fund II l.P., Cross Atlantic Co-Investment 2000 Fund l.P., Nauta Capital and private investors, $19.5 million.

= $61 millinon.
It's Very mutch to developed a litle "intent"..

Last edited by linnar on 14-Jun-2007 at 10:06 AM.
Last edited by linnar on 14-Jun-2007 at 10:04 AM.


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tomazkid 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 10:43:27
#33 ]
Team Member
Joined: 31-Jul-2003
Posts: 11694
From: Kristianstad, Sweden

What exactly does the term "go into administration" mean for companies?

(Technically, what happens).


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linnar 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 11:04:01
#34 ]
Cult Member
Joined: 26-Dec-2005
Posts: 923
From: Unknown

Quote:
What exactly does the term "go into administration" mean for companies?


Companies without crew and home.
All copyright's, source-cod and so on belong the companie.


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Androxyn 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 15:38:58
#35 ]
Regular Member
Joined: 7-Mar-2003
Posts: 212
From: Oslo

Quote:
If you look at Amiga Inc's web site, you will see that the last AmigaDE news is from "October 10, 2006". I would be tempted to say their 8 month silence indicates that they have already given-up on AmigaDE...


I'm almost certain that I read somewhere that v2 of the DE Player/Amiga Anywhere would be released this summer (or autumn?). I guess that could be a reason why the site has not been updated for a while.

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-pekr- 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 17:18:43
#36 ]
Member
Joined: 29-May-2007
Posts: 98
From: Unknown

what about contacting Fleecy and asking him for an interview? I am sure his replies would be still the same, how great and abstracted AmigaDE is going to be

Well, time for AmigaDE universal small engine to be replaced by REBOL 3

cheers,
-pekr-

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MasterOfReality 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 18:50:41
#37 ]
Regular Member
Joined: 22-Mar-2003
Posts: 162
From: Unknown

Quote:
What exactly does the term "go into administration" mean for companies?


The major creditors appoint an administrator - usually a division of a bank or accountancy firm - to salvage as much money for them as possible.

What actually happens depends on how the administrator thinks they'll get the most money back. The company could be restructured and sold on as a going concern, or they might sack everyone and sell the assets (either in one go to a single buyer, or separately to several buyers), or something in between. Occasionally, the creditors agree to the appointment of a new management team and become shareholders in the company in lieu of payment.

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-Sam- 
Re: Tao Group Goes into Administration
Posted on 14-Jun-2007 20:50:31
#38 ]
Elite Member
Joined: 18-Apr-2003
Posts: 3040
From: Yorkshire Dales, United Knigdom

Quote:
This might be good, hopefully they will give up that amigade crap for good now.


I don't think they have any choice. You get into all sorts of problems if you build your business model on someone else's software.

At least they didn't do that with their Amiga 'crown jewel' - OS4... oh er... hang on...


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