SecurityPortal flounders on titsup.com atoll

[InfoSec News <isn () c4i org>]

http://www.theregister.co.uk/content/23/21069.html

By John Leyden
Posted: 16/08/2001 at 13:51 GMT

SecurityPortal.com, the online security content aggregation site, has
been put on ice by parent firm, AtomicTangerine.

The people behind the SecurityPortal Web site, which billed itself as
the "focal point for security on the Net", claimed 250,000 information
security professionals read the site each month. As well as acting as
a news aggregator, the site contained 40,000 pages of security
information, e-newsletters and specially focused digests.

The business plan behind the site was to sell services based on
packages containing this content, as well as online advertising. But
it proved more difficult than expected to make money selling these
services and its parent company decided to shelve the idea, at least
for now.

A spokeswoman for AtomicTangerine said development with of site has
been abandoned as part of a restructuring of the parent company's
business, which will focus on more profitable aspects of its business.

"SecurityPortal's high quality information delivery service was
extremely well-respected in the industry, but with the business
restructuring and downsizing, financially, it did not make sense for
AtomicTangerine to maintain it as it was," said a spokeswoman, who
added that the "best parts of the site" may be offered in different
format later.

SecurityPortal was created as a spin-off of its AtomicTangerine's main
business early last year, however it was brought back under the wing
of Atomic Tangerine this May as part of its consultancy services. Now
the idea has become another victim of the dotcom recession.

SecurityPortal employed 12 people, most of whom have lost their jobs.



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