Teqlo, an early mashup tools startup, is shutting down as of this week. As reported by Anne Zelenka at GigaOm yesterday, their doors are already closed and teqlo.com is no longer up. This does not come as a complete surprise given the struggles they’ve had this year including management turnover and changes in product direction. According to the report Teqlo founder Jacoby Thwaites confirmed that the investors had pulled out and said “We had great investors, great people and great technology, but we ran out of time working out what the killer product could be!”
Even though Teqlo has withdrawn from the battle, there are dozens of companies vying for position in the mashup tools market. For more on this competitive space see our earlier report on Challenges in the Mashup Tools Market.