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Original thread:
Post 1 made on Wednesday December 29, 2010 at 15:44
Morbo
The News Monster
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March 1999
706
Colorado vNet Closes Again
By Julie Jacobson
Russound tried to rescue the home automation/multiroom audio vendor after its "abrupt closure," but couldn't make it viable in the short term; handful of vNet employees to continue R&D.

Colorado vNet is shutting down, and this time probably for good.

The home automation, multiroom audio and lighting control company announced today that “it is winding down operations and will discontinue the Colorado vNet product line.”

Founded by Bill Beierwaltes, Colorado vNet started life as a lighting control system, and then expanded into multiroom audio and whole-house control. The company, based in Loveland, Colo., closed its doors in mid-2009. In October of that year, certain assets were acquired by Russound, a leader in multiroom audio systems.




Russound CEO Charlie Porritt says vNet will “cease shipping products come March [2011] and keep a group of employees at Colorado vNet to focus on R&D.”

He declined to say how many of the Loveland team would remain at the company.

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