Any time a company completely falls on its face, the pundits are going to say “I told you so.” After all, the naysayers can’t be right until after the dominos tumble, now can they?
In the case of Blue Frog, shit certainly seems to have hit the fan, so it comes as no surprise that negative talk would abound. In the case of TQM’s analysis of Blue Security, however, it seems there are some numbers to back up the scepticism.
While I don’t agree with the pre-formed conclusion regarding Blue Frog’s IPO aspirations, the writeup is interesting. On the IPO issue, any company going pubic with numbers that are difficult to tie out doesn’t stand much of a chance nowadays – it isn’t 1999 anymore. The fact that the whole Blue Security process was deemed questionable from the start, including by your’s truly, makes the possibility of a pubic offering difficult to imagine. The fact that it is a small, one product/service company in a market for which there are numerous competing products offered by diversified security providers, is just another broken staple in the red herring.