On May 4, 2011, Novell conducted a large round of layoffs as part of its post-merger with Attachmate — and one of the casualties was the 30-person team that worked on Mono. Fewer than two weeks after Novell swung the axe, de Icaza announced the launch of Xamarin. Xamarin is going strong: The company is generating self-sustaining revenue and is on a steady product launch schedule. (Last week it rolled out Mono for Android 4.0, which lets developers make apps that work with the latest version of Android, Ice Cream Sandwich.)
Really love Mono, and Xamarin is really providing great code portability solution across platform.