Business Objects Founders Named by BusinessWeek as "Hottest Entrepreneurs of the Year"; Liautaud and Payre on Exclusive List of 10 Entrepreneurs Including Spielberg, Clark, and Jobs.CUPERTINO, Calif.--(BUSINESS WIRE)--Jan. 10, 1996--Business Objects today announced that company founders Bernard Liautaud and Denis Denis, king of Portugal: see Diniz. Payre have been recognized by BusinessWeek as "Hottest Entrepreneurs" in its Jan. 8, 1996 issue. Liautaud and Payre are profiled among an exclusive list of entrepreneurs including James Clark and Marc Andreesen of Netscape Communications; Steven Spielberg, Jeffrey Katzenberg, and David Geffen of DreamWorks; and Steve Jobs of Pixar Animation Studios. Liautaud and Payre founded Business Objects in 1990, and have grown the company to more than $30M in revenue and 325 employees worldwide in just four years. They were selected as among the ten "Hottest Entrepreneurs" of 1995 by BusinessWeek who noted, "Payre and Liautaud, both 33, are two French entrepreneurs every American venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. would be glad to have discovered." Business Objects revenues for the nine months ending Sept. 30, 1995 were $40.9 million, up 107% over the same period in 1994. BusinessWeek stated, "Business Objects is No. 1 in the fast-growing decision-tools market. It `IPO'd' at 17 1/2 in 1994 and hit a 52 week high of 54 in 1995. Sales and profits boomed with the launch of a sizzling second generation of products." "This honor from BusinessWeek is a strong statement of our technology and market leadership," said Payre, co-founder and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Business Objects. Commented Liautaud, co-founder, 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. , "This is an important milestone for Business Objects because it demonstrates our recognition in the business community as the leader in enterprise decision support tools." Business Objects (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOBJY) is a leading provider of client/server decision support systems (DSS (1) (Digital Signature Standard) A National Security Administration standard for authenticating an electronic message. See RSA and digital signature. (2) (Digital Satellite S ) to customers with data warehouse and other strategic business applications. The company pioneered the market for business-intelligent DSS tools in 1990 with the introduction of its flagship product, BusinessObjects. In 1994, company revenues were more than $30 million, representing over 100% growth rate from 1993. BusinessObjects has been licensed in more than 20 countries to over 2,250 customer sites and 85,000 end users worldwide. Customers include British Telecom, Chase Manhattan, Chevron, Dow Chemical, Eli Lilly, Goldman Sachs, Kodak, Intel, Motorola, T. Rowe Price T. Rowe Price (NASDAQ: TROW) is an independent global investment management firm and mutual fund manager based in Baltimore, Maryland. It was founded in 1937 by Thomas Rowe Price, Jr.. T. , and Westinghouse. Business Objects partners with leading third party vendors including Hewlett-Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Informix, Oracle, PeopleSoft, Prism Solutions, Red Brick Systems, Sun Microsystems, and Sybase. Strategic resellers include AT&T Global Information Solutions, Bull Information Systems, Fujitsu, Price Waterhouse, Sequent, SHL SHL Shift Logical Left SHL Schweizerische Hochschule für Landwirtschaft (German: Swiss College of Agriculture) SHL Southern Hockey League SHL Silver Haired Legislature SHL Single Hidden Layer (neural networks) , Siemens Nixdorf, and Unisys. -0- Note to Editors: BusinessObjects is a trademark of Business Objects S.A. Other company and product names may be trademarks of the respective companies with which they are associated. CONTACT: Business Objects Tracy Eiler, 408/973-9300 or Blanc & Otus Rebecca Hurst, 415/512-0500 |
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