[UPDATE, April 19, 2017: Deem redesigned and rebranded its software suite as 'Work Fource.']

[UPDATE, April 15, 2016: A Deem official indicated the company does not agree with the CrunchBase figure for total investment in Deem; the official did not provide a different figure.]

With founder Patrick Grady out and new funding in, Deem anticipates layoffs and a narrowed product focus in an effort to become profitable by early 2018. That's the gist of what Deem's incoming CEO and COO told The Company Dime in . . .

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Jay Campbell

Before starting The Company Dime with David Jonas in 2014, journalist Jay Campbell a decade earlier created travel business newsletter The Beat. In 2006, Jay co-founded Travel Procurement magazine and in 2010 helped integrate them with Business Travel News. He served as BTN's editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University. He would be happy to connect on LinkedIn. He's here at CorporateTravel.social on Mastodon.