eOn, which invested in The Symbio Group, will terminate its engineering operations in India and shift focus to growing its team in China.  According to their press release:

“After reviewing the effectiveness of multiple Engineering efforts, the Company has concluded that we need to reduce the multiple offshore facilities currently supported by eOn. Effective May 1, 2008, eOn will no longer maintain an engineering presence in India. Engineering emphasis will remain within the North American based teams in San Jose, California; Kennesaw, Georgia; Corinth, Mississippi; and Guelph, Canada with expanding engineering resources in China.

In addition to these changes, eOn’s Chief Operating Officer, Mitch Gilstrap, has resigned to pursue other opportunities and eOn’s Chief Technology Officer, Vijay Sharma, has departed eOn Communications focusing his efforts on new directions.”

I guess that the departures of Mr. Gilstrap and Mr. Sharma will reduce eOn’s burn rate, but it seems to leave them with a skeleton executive team (CEO, CFO, VP of Channel Sales).

eOn also announced recently that it was selling its interest in Spark Technologies, Inc.  I can’t help but wonder if eOn’s Board of Directors wishes that they could take back the money that they sunk into Symbio (which was considerably more than they had in Spark).

Technorati Tags:  China, China Outsourcing