Distribution platform iSyndica closes business

iSyndica, the service that helped photographers to publish their content on multiple sites at the same time has closed, despite having a growing number of clients and investment backers. The company has posted a message on their website announcing the closure and next steps:

We wish to thank all of you for your support over the past 2 years. Unfortunately, we have, for many reasons, decided to discontinue the service, with an effective last day set to October 10, 2010.

We have compiled the list of Q&As below to help you understand our handling of the situation. Further contact will also be made on a one-to-one basis within your iSyndica account and by e-mail.

How long will the service remain available?

Service will remain available and operational until October 10, 2010 at 23:59:59 UTC. However, effective immediately, you will no longer be able to place orders for credits or storage, or change your subscription. Note that FTP uploads will no longer be allowed as the FTP server will now be used to allow you to provide you access to backup information as well as letting you dump a backup of your catalog that you may re-download to your computer.

Will I get a refund?

Yes. On October 10, 2010, your subscription and credit balance will be tabulated to provide you with a pro-rated refund. Information will be made available in your account detail pages and you will further be contacted to arrange for the refund.

Will you pay my affiliate balance?

Yes. Your affiliate credits will be paid out as part of your final refund.

The rest of the information is published on the iSyndica website.