While the prolonged absence of the website may be almost synonymous with the end of a company these days, things may not be as bleak as that for Conformative’s XML processor technology or its staff.

A source said it was believed that Conformative had been acquired by Intel Corp. (Santa Clara, Calif.) but that the acquisition had not been considered to be materially significant thereby explaining why Intel had not filed documents with the Securities and Exchange Commission and why no press release had been issued.

Conformative (Austin, Texas) was founded in 2003 and received backing from Austin Ventures and Charles River Ventures. The company was initially led by cofounder and former IBM server engineer John Derrick as chief executive officer. As part of a Series A round of funding that raised $11 million, Conformative accepted former Sun Microsystems executive, John Shoemaker, on to its board of directors in November 2004. At that time the company planned to have its first processor products out in the first quarter of 2005.

In June 2005, former Sun Microsystems executive Paul Rochester was brought in as chief executive officer, with Derrick moving to the role of chief strategy officer. At that time no mention was made of processors but the company’s position shifted with Conformative now described as an XML server company.

An Intel spokesperson said he was unaware of an acquisition of Conformative by Intel.

By: DocMemory
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