September 22, 2005

An analysis into the business continues by parent company Think Partnership continues, the article says. The debt was caused by small companies signing up for one year contracts but refusing to pay because they had too much "success" in the first few months, the company says. The clients themselves, however, are also blamed for not having enough "dedication" to achieving "sustainable search marketing results."

Websourced recently lost its vice president of search marketing Andy Beal and had a planned acquisition of Proceed Interactive get called off. This follows after earlier acquisitions of other firms and some prominent search marketing speakers and writers. Threadwatch also has earlier discussion of Websourced problems here, Rumour: Websourced being Raided by Dept of Revenue.

Want to comment or discuss? Visit our forum thread, Resignations At Websourced.