CryptoLogic Gets Restructured
by fsbo
CryptoLogic is considered to be the top name in the software development industry, however, it has slipped a little bit in the past year. Taking this fact into consideration, the company decided to undergo through some changes and challenges.
CryptoLogic’s restructuring plan includes the reduction of operating costs by $13 million by the end of 2009 and cutting some previous offerings. Because of the current situation, the company had to say goodbye to its former CTO, Michael Starzynski, no longer needed at the company. At the same time, Cryptologic partnered with GTECH International Poker Network.