Business Layers Selected To Venture Reporter's `Top 25 Most Likely to Go Public' List; Provisioning Software Leader Poised for Growth.Business Editors/High-Tech Writers ROCHELLE PARK, N.J.--(BUSINESS WIRE)--March 25, 2003 Business Layers, the eProvisioning Company(TM), today announced that it has been chosen by Venture Reporter Magazine as one of the "Top 25 Venture Backed Firms Most Likely to Go Public" (www.venturereporter.net). Venture Reporter's "Top 25 Venture Backed Firms Most Likely to Go Public" Report comprehensively analyzes the state of the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. industry, examining past activity and profiling the major contenders for IPO action in the near term. Venture Reporter's findings are the result of an exhaustive analysis to determine the top 25 private companies, which have been able to attain substantial business achievements and sustainable growth. In four years, Business Layers defined a market category and emerged as the industry's foremost provider of provisioning software, a cornerstone of security and identity management implementations. Business Layers' award-winning eProvision(TM) Software is utilized by global customers including Schering-Plough, West LB, ChevronTexaco, and other high profile organizations across diverse industries. By providing software solutions viewed by many as the "the holy grail Holy Grail: see Grail, Holy. A very desired object or outcome that borders on a sacred quest. There are several Holy Grails in the computer business. " for the enterprise, Business Layers has secured a coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. place within the Venture Reporter's "Top 25 Venture Backed Firms Most Likely to Go Public" Report. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this report, Business Layers and the provisioning market are poised for explosive growth as "the time-saving and productivity measures that a Provisioning system offer are significant." (Venture Reporter, "Top 25 Venture Backed Firms Most Likely to Go Public" March 2003). "We're thrilled Business Layers was able to make the cut," commented Venture Reporter's Jason Calacanis Jason McCabe Calacanis (born November 28, 1970 [1] in Brooklyn, New York) is an Greek-American internet entrepreneur and blogger. His first company was part of the dot-com era in New York, and his second venture capitalized on the growth of blogs before being sold to AOL. . "We started with over 300 candidates, narrowed it down to 40 serious contenders and then narrowed it down again to reach the 25." "Despite the challenging economic climate, we have been able to grow our business dramatically in the last two years. We are thrilled that Business Layers is one of Venture Reporter's picks for the next 25 venture-backed companies most likely to go public," said Izhar Shay shay n. Informal A chaise. [Back-formation from chaise (taken as pl. )] Noun 1. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Business Layers. "This recognition is a testament to the viability of the provisioning market, and a validation of our role as the leader and driving force within the industry we have helped create." About Venture Reporter Venture Reporter is a business information services See Information Systems. firm which tracks venture capital and M&A transactions in our database at www.venturereporter.net. Venture Reporter also produces proprietary research based on this data including research reports on the software, life sciences, and wireless industries. About Business Layers Business Layers is the leading provider of provisioning solutions, a cornerstone of identity management. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , eProvision(TM) Software, provides an efficient, secure and scalable system for automatically allocating IT resources for users, including employees, customers, contractors and business partners. Business Layers is headquartered in Rochelle Park, NJ. For more information, please contact Business Layers at 877-552-9377, or visit www.businesslayers.com. |
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