UK software venture startup, London-based Zebra Parallel Ltd, which was developing a parallel processing environment called Equus, providing tools for developers to produce parallel programs, went into liquidation yesterday: although the eight employees are being laid off, they retain full intellectual property rights to Equus and are actively seeking a buyer according to former managing director Richard Harris; Zebra Parallel was launched on the back of research carried out at the Polytechnic of Central London, with UKP150,000 venture capital backing from 3i, (CI No 1,112) but it made a loss of UKP224,000 in its first year as development on Equus continued, and 3i refused to advance further cash; Harris says he is looking for a sensible bid for Equus, which has 25 man-years of work behind it – interested par-ties should contact liquidators Cork Gully, in Norwich, Norfolk.
