Search Logic Closing

I was hoping that all the troubles could be sorted as there's some great people there, but this week the Search Logic staff were made redundant and this email was sent round just moments ago:

Dear Affiliate,

I am writing to inform you that it is with regret that Search Logic plc is closing the Affiliate Network. The reason behind this decision is that the Network has not been growing at a sustainable rate despite the best efforts of all staff involved and as such we have decided to focus the direction of Search Logic on our primary online marketing services of SEO, PPC and Website Development.

All existing active campaigns will be closed on February 29th 2008 to enable you to have reasonable time to remove any banner advertisements from your website by this date. All commissions will include any cookie activity as per the 30 day time period and will be paid out electronically using the bank details supplied through your Affiliate Control Panel Log-in upon receipt of full funds by the advertiser for the activity. Should you have any questions relating to this then please do not hesitate to contact accounts@searchlogic.com.

We would like to take this opportunity to thank you for your support and wish you all the best for your future dealings with Affiliate Networks.

Kind regards

Simon Cleaver

CEO
Search Logic plc

My own view is that it could have been a success, but just like the Premiership, people couldn't wait.