Garry Lauder, chairman of OnLive says the turbulent events surrounding the cloud gaming company's buyout and alleged bankruptcy were misunderstood and admitted to poor communication, according to an OnLive blog post penned by Lauder.
"When the restructuring of OnLive happened in August, many misunderstood it to mean that the service and company were shutting down," Luder wrote. "Neither occurred, nor did we go bankrupt. We should have communicated better."
"As Mark Twain wrote, ‘The reports of my death are greatly exaggerated.' Same with us. Our service continued without interruption both in the USA and overseas, and we have about 90 employees."
Last August, the company laid off its entire staff, keeping on a few as contractors, and allegedly filed for bankruptcy. A few days later on Aug. 20 of last year the company announced a buyout from investment entity, Lauder Partners, for an amount revealed later on as $4.8 million.
A week later, Lauder, head of Lauder Partners, was appointed chairman. OnLive founder and CEO Steve Perlmann stepped down from his role and vice president of operations Charlie Jablonski was appointed COO and acting CEO.
"It has been seven months since I jumped in to save OnLive from a financing mishap, and I have had the opposite of buyer's remorse: buyer's elation!" Lauder wrote.
"Looking back, what was achieved by Steve Perlman and the team prior to my taking over as Chairman is remarkable," he went on to say. "Here was brand new technology, which many industry experts argued was impossible, and yet a small Silicon Valley start up made it a reality."
In the post, Lauder announced the intention of expanding OnLive's technology to the Enterprise market and the installation Don Gordon as the new SVP of Engineering. Gordon holds more than 55 US patents in interactive TV and video technologies.
"Don and I also share a keen interest: to build on the success of the OnLive Game Service and OnLive Desktop and expand the uses of the underlying technology- for example, to the Enterprise," Lauder wrote. "The Game Service and the Desktop are two great examples of what can be done with OnLive's core technology, but they are just the beginning."
In the blog, Lauder mentioned that CD Projekt's Witcher 2: Assassins of Kings Enhanced will launch on the platform Thursday, February 28 with a promotion, which includes a freePC download of the game when purchased with a Full PlayPass.
It was announced last November that OnLive will come preinstalled on re-installed on all LG Smart TVs in its Google TV (G2) series. A partnership with Ouya was revealed last July, with the cloud gaming platform to be available on the open-source -based console.
OnLive and team will be in attendance at the Game Developers Conference in San Francisco where it will host a session March 28 at 1:00 pm. It will also be at E3 in June.