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Sybex acquires Marrakech – Was the ROI for VCs positive?

Jason Busch at Spend Matters recently commented on Marrakech.  According to the European Leaders Network, Dublin technology firm, AMT-Sybex has purchased Marrakech, for an undisclosed sum.

According to Marrakech’s website, it’s investors include:

In Mar 2006, I had the opportunity to meet one of the Venture Capitalists listed above who funded Marrakech! He hinted at that time, they were looking to dispose Marrakech from their portfolio, having invested and re-invested in the company since late ’90s. I believe a total investment of over $20m has gone into fund Marrakech over the time.

According to Fame, there are three companies:

Staff

Last Accounting Year

Revenue (P&L)

Loss for Year (P&L)

Accumulated Losses (BS)

Marrakech (UK) Ltd

18

2005

£1,087k

£4.530m

£35.812m

Marrakech Ltd 

125

2004

£875k

£2.687m

£45,096m

Marrakech (Ireland) Ltd

Dormant

I will leave you to come up with your own conclusions, about the ROI for investors.

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