The Sunnyvale, Calif., Internet concern has notified customers that it will stop processing orders for hotel goods at the end of May, unless a buyer emerges, the executive said in an interview. The company is down to about 25 employees, from a one-time high of about 200.

Mr. Hjelm said Zoho is in talks with several potential buyers, including Starwood Hotels & Resorts Worldwide Inc., White Plains, N.Y., PurchasePro.com Inc. in Las Vegas, and Avendra LLC, an affiliate of Marriott International Inc. operating from its Bethesda, Md., headquarters.

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By Christina Binkley

Staff Reporter of The Wall Street Journal