Ontoprise GmbH Files for Bankruptcy
[Editor's note: Quotes have been translated from German.]
German company Ontoprise GmbH has filed for bankruptcy. According to the German Business publication, econo, “The software specialist Ontoprise is in trouble. The company has asked for bankruptcy due to insolvency.” The firm Schultze & Braun has told the district court in Karlsruhe that lawyer Holger Blümle has been appointed provisional liquidator.
In an official release by Schultze & Braun, Blümle states, “With their innovative solutions, Ontoprise has developed a very good market position. Since the products are used both directly and indirectly in other programs, I am confident that the company can be rehabilitated…Initial discussions with potential investors are already actively being pursued.”
Ontoprise was founded in 1999 as a spin off from the research environment at the University of Karlsruhe. The software company specializes in knowledge management applications of Semantic Technologies.

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