Saw this on the wire this morning - "Compudigm goes bust and no future as a going concern". From stuff.co.nz:

Its closure has affected 20 staff in New Zealand, nine in the United States, one in Australia and one in Britain, mostof whom have now lost their jobs.

Mr Fisk said the company, which had been headquartered in Las Vegas since 2000, had run out of cash.

Compudigm's last available accounts showed a net loss of $2.6 million in 2005 and negative equity of more than $2.9 million.

At the time, the company's co-founder and shareholder Andrew Cardno said he expected the company to be on the verge of financial success.

Mr Cardno resigned as a director in July last year, according to Companies Office records. He was not available for comment last week.

Compudigm made net losses of $2.4 million in 2004, $4.8 million in 2003 and $4 million in 2002.

Compudigm was a company that I worked for for about six months back in 2000.  They were struggling back then and we were always on the brink of success - but never quite achieved it. 

It sounds like Andrew left at about the right time.  Still, I know how it feels when the company you started goes belly up - its gut wrenching.

So this is sad in many ways.  Although many of the people I know that have left the company won't think so. 

Another chapter of my life closes for good.