Capazoo Fires Staff, Shops Company

Social networking site Capazoo has reportedly fired its staff and may be trying to shop itself to potential buyers. Montreal media reports say the company's co-founders are in the midst of a legal dispute.

In Nov. 2007, Capazoo announced that it had signed a $5 million, three-year agreement with Savvis Inc. (SVVS) for a fully-managed IT infrastructure solution. Savvis deployed Capazoo's equipment in its new Boston data center, including virtualized servers and storage systems, distributed denial of service (DDOS) and intrusion detection systems. At the time, Capazoo estimated that its infrastructure spending with Savvis would eventually surpass $20 million.