[News] Jolla agrees debts, financing of $12M, new employees

Application for debt restructuring cancelled. Year 2016 secured with new financing. New employees being interviewed.

In autumn 2015 there were sad news: Employees laid off, debts on hold, file for debt restructuring. Jolla's 3rd death valley, pretty close to actual bankruptcy, was passed on December and now Jolla shares quite positive news.

This is a news analysis on Jolla's Press Release published on May 3, 2016, reflecting the latest news to those shared back in 2015. Sailfish OS seems to be having the sails up quite well right now. Will there be some wind too?

News update: Debts on hold at Jolla

Debt restructuring and Sailfish OS 2.0.1 update 

As part of Jolla's debt restructuring process, The Court in Finland has set Jolla's debts to temporary hold until the starting of the actual process is decided. In the meanwhile, Jolla is looking forward for financial round for December, and preparing the next system update for their Sailfish OS mobile operating system. Juhani Lassila, Head of Communications at Jolla, seems positive on financing.

[news] Jolla financial trouble, debt restructuring

Jolla office, Tampere, Finland

Financing round delayed, Jolla files for debt restructuring

November 20, 2015, Tampere, Finland. Additional to the lay offs of many employees, Jolla has filed for debt restructuring in the court of Helsinki. Jolla's current goal is to get their product, Sailfish OS mobile operating system, tailored to new manufacturing partners and get the company back to its feet.