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IDC Ranks BroadVision First In The E-commerce Software Market.

BroadVision Inc. (Nasdaq: BVSN), a worldwide supplier of personalized e-business applications, announced that the analyst firm International Data Corp. (IDC) has ranked BroadVision as the world's number one e-commerce software applications market leader. BroadVision's e-commerce software application revenue grew from $36 million in 1998 to $81 million in 1999, more than doubling in growth in 1999 software license revenues and market share for e-commerce applications.

IDC estimated that the worldwide e-commerce applications market reached $1.8 billion in revenue in 1999, up 305 percent from $444 million in 1998. Leading the worldwide e-commerce applications market, BroadVision outsold all of the companies competing in the four e-commerce applications segments: sales and marketing, procurement, order management, and customer service and support.

According to the recent figures from IDC on e-commerce software applications revenue, BroadVision was the leader among 250 other vendors worldwide competing in the $1.8 billion e-commerce software applications market in 1999. Oracle, Open Market, Vignette, IBM and SAP completed in the top six.

Ranked second in last year's report, BroadVision penetrated the top position this year with double the amount of license revenues, surpassing last year's leader Sun/Netscape.

"We are thrilled to rank number one among the world's e-commerce application companies," says Dr. Pehong Chen, president and CEO of BroadVision Inc. "BroadVision's winning business strategies are credited to the record rate of sales of our BroadVision One-To-One Web- and wireless-based applications packages. Companies using BroadVision are realizing measurable benefits and competing effectively in the new era of e-relationships."
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Title Annotation:Company Business and Marketing
Comment:IDC Ranks BroadVision First In The E-commerce Software Market.(Company Business and Marketing)
Publication:EDP Weekly's IT Monitor
Geographic Code:1USA
Date:Jul 10, 2000
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