elantix Corporation Established to Meet Complex e-Business Relationship Management Challenges; Company to Focus On Delivering Time-to-Value Advantages to High Growth Businesses.Business Editors
WOBURN, Mass.--(BUSINESS WIRE)--May 15, 2000
elantix(SM) corporation today announced its formal introduction and mission to create significant improvements in how high-growth companies manage their numerous revenue generating relationships. The debut of the company coincides with the official launch of the first of the company's hosted extranet solutions (please see elantix corporation Debuts enSight e-Business Framework, dated May 15, 2000, for additional details). Headed by an experienced management team and funded by industry leading individuals and venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed
5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M  , the elantix Extranet Service Provider (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ) model enables businesses to rapidly establish and activate their partner, customer and supplier relationships, resulting in accelerated revenue growth.
"In today's fast-paced e-business economy, it is no longer enough for companies to shorten (audio, compression) Shorten - A form of lossless audio compression. their time-to-market" explained Al Stoddard, 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. , elantix corporation. "Businesses are under tremendous pressure with both tight time constraints In law, time constraints are placed on certain actions and filings in the interest of speedy justice, and additionally to prevent the evasion of the ends of justice by waiting until a matter is moot. and aggressive revenue goals. The real indicator of success is the span of time when a company begins to see a measurable return from its new market presence - its `time-to-value'.
Focusing first on partner relationships, the company's founders spent several months performing in-depth interviews with over 50 companies to determine their relationship management "pain points" resulting in the development of a solution that provides clear and consistent communication across all of a company's revenue generating relationships, is easily implemented, and enables companies to reduce IT costs. Current elantix customers include Microsoft Government, OrderTrust, Inc., and CacheFlow, Inc.
"The e-Business landscape is getting more and more complex, the silos that once neatly defined customers, partners, suppliers and even the sales force have eroded e·rode
v. e·rod·ed, e·rod·ing, e·rodes
1. To wear (something) away by or as if by abrasion: Waves eroded the shore.
2. To eat into; corrode. ," stated Mitch The name Mitch can mean:
To bring the company and its hosted extranet solutions to market, elantix has assembled an executive management team with an average of 15-20 years of experience per member.
-- Al Stoddard - CEO was previously CEO of the Americas at Systems Union, President of UNIFI Communications' North America business unit, and has held senior management positions at Lotus, Digital, and IBM. -- Irfan Virk - Co-Founder & VP Corporate Development is an entrepreneur who successfully founded BrainStorm Technologies, Inc., the award-winning groupware and Internet solutions firm. He also spent several years with Andersen Consulting. -- Mitch Liu - Co-Founder & VP Product Strategy leads product vision at elantix. He also founded BrainStorm Technologies and has led e-Business development projects for Lotus, Polaroid and Fidelity Investments. -- Rich Mahfouz - CFO has over 20 years financial management experience having been CFO at BrainStorm Technologies, Analytica Group and held positions with BAII Group, CitiBank, N.A. and Arthur Young & Company. -- Paul Maddaluno - VP Sales was previously Vice President of North American Sales for Progress Software where he managed over 2,000 worldwide channel partner relationships representing over $120 million in revenue. -- Lynne Flaherty - Acting VP Customer Relationships has spent over 18 years managing worldwide customer service organizations including FirstSense Software, NovaSoft Systems, Inc., and Progress Software. -- Gerald Hewes - VP Development is an accomplished technologist, having led the engineering team that built Open Market's leading commerce engine and BBN's graphical desktop data analysis software. -- Charlie Wilson - VP Marketing is a leader in bringing new technologies and strategies to market having accomplished this for Dragon Systems, 3D Systems, Meiko Scientific, Hyundai Electronics/Axil Computer and Digital.
Investors in elantix corporation include Seed Capital Ventures - a SOFTBANK affiliate, Walnut Ventures, Mort Meyerson; former President of EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. & CEO of Perot Systems Perot Systems Corporation NYSE: PER is an information technology services provider based in Plano, Texas. Peter Altabef has served as president, chairman, and chief executive officer since 2004. , Roger Roberts; former CEO and current vice-chairman Citrix Systems Citrix Systems' (NASDAQ: CTXS) is an American technology company, based in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, with additional development centers in Australia, India and the UK. , Safi Qureshi; Co-Founder and former CEO of AST Research AST Research, Inc. was a personal computer manufacturer, founded in Irvine, California in 1980 by Albert Wong, Safi Qureshey and Thomas Yuen. (The name comes from the initials of their first names. , Brian Robertson For other uses, see Brian Robertson (disambiguation).
Brian Robertson was born on February 12 1956 in Clarkston, East Renfrewshire. He learned cello and classical piano for eight years before switching to the guitar and drums. ; Co-Founder of Planetall.com which was sold to Amazon.com and Rajeev Surati; Co-Founder of Flash Communications which was sold to Microsoft.
elantix corporation is the leading Extranet Service Provider (ESP) of e-Business solutions to manage the revenue generating relationships of high-growth companies. The company's hosted extranet solutions are helping customers such as Microsoft Government, OrderTrust, Inc., and CacheFlow, Inc., maximize relationships with customers, partners and suppliers and is the only solution that focuses on e-Business Relationship Management (eBRM). Headquartered in Woburn, Massachusetts Woburn (/'wu.bə(r)n/) is a city in Middlesex County, Massachusetts, USA. The population was 37,258 at the 2000 census. Woburn is the birthplace of Anglo-American scientist Benjamin Thompson, a.k.a. , additional information about the company can be found at www.elantix.com.