OnLive CEO Steve Perlman exits company after reformation

OnLive, one of the first cloud gaming companies to come into existence in the past few years, recently was forced to enter into a type of bankruptcy that caused as much as half the entire staff to be laid off in one day.

However, the brand and much of the company will live on through a reformed corporation that purchased OnLive's assets, logo, and name. At the time, Perlman was still with the company, leaving some scratching their heads wondering why the captain wasn't going down with the ship.

Today, however, Perlman announced that he is leaving OnLive to pursue new goals while the venture capitalist, Gary Lauder, who purchased their assets will be taking over as CEO. 

"Steve has created an extraordinary company that no one else could have created. He is a unique entrepreneur and deserves his legendary status in Silicon Valley as a creator of groundbreaking companies," Lauder said. "The new OnLive is emerging with greater financial security and a brighter outlook on the future. OnLive is now positioned to execute against longer-term projects with our breakthrough technology, products, and services."

It's not clear yet what sort of projects Perlman is planning to work on, but we've got a feeling it wont be long before he's back in the saddle as he's had quite a storied career in technology and entrepreneurship.



1 comment

  • spankyj25 - August 27, 2012 3:58 p.m.

    I actually just read this article about the new CEO at OnLive. It will be Emmy Award-winning Ex-head of Engineering and Technology for NBC, Charlie Jablonski. I'm very excited about the future of OnLive!!! If you haven't used the service, there's no better time than now to try it out! Where else can you choose from over 250 games for only ten bucks a month, and find AMAZING deals on digital copies of games that you don't even need to wait to download?!?!? Ok, stepping off of my soap box, heh.

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