Over the last twelve months or so we’ve seen banks being bailed out by Governments, and workers losing their jobs and their pay packets. In the present financial crisis although it makes a change to hear that someone is profiting and doing well, you might be forgiven for thinking that recession only hits Joe public. Such thinking is intensified when you hear that a Luxembourg based company has just financed Synthasite to the tune of twenty million dollars to speed up the creation of website development tools and advance e-commerce growth. Much of the growth is dependant on Synthasite making some strategic aquisitions.

Synthasite, for those who haven’t heard, creates web building tools to be used by people who are looking to develop an e-commerce site – these sites are powered by Paypal and need little technical knowledge to set up. The company say that their aim is to help people set up websites so that they can join the e-commerce trend. You do have to wonder how realistic all this is when businesses around the world are either closing, or laying off employees on a daily basis. Where are the future customers of these future e-commerce sites expected to come from.

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