izzy+ / JSJ Corp
Sometimes a business does not fit the businesses long-term strategy….as was the case with izzy+ a subsidiary of JSJ Corporation.
“While izzy+ is an important part of JSJ’s history, unfortunately, it no longer fits within our strategic plan and goals for the future,” said Tom Rizzi, JSJ’s COO, in a statement. “It’s a consumer-facing furniture company, whereas our focus is investing in portfolio companies that provide highly engineered solutions and value-added services within highly complex, business-to-business environments.”
Perhaps the izzy+ subsidiary could have been sold….or that market may have stronger competitors. However, successful businesses adapt or change….and that is the future direction of JSJ Corporation.