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BEA CEO Bill Coleman Wins Top Honor in Software Category in 2001 Northern California Ernst & Young Entrepreneur of the Year Awards
Coleman Has Led BEA to Become Fastest Software Company to Reach Billion-Dollar Revenue Run Rate Through Strength of World's #1 Web Application Server
SAN JOSE, Calif., Jun 28, 2001 /PRNewswire via COMTEX/ -- BEA Systems, Inc. (Nasdaq: BEAS chart, msgs), one of the world's leading e-business infrastructure software companies, announced today that Founder, Chairman and CEO Bill Coleman won the top honor in the Software category of the 2001 Northern California Ernst & Young Entrepreneur of the Year(R) Awards. Coleman was among 11 Silicon Valley award recipients honored June 22, 2001, at the 15th annual Entrepreneur of the Year awards banquet sponsored by the Big Five professional services firm.
Coleman's skills in business strategy and operations, team building and process management have been key to his success. Since founding BEA in early 1995 with principals Ed Scott and Alfred Chuang, he has led the company to become the fastest software company to ever to reach a billion-dollar revenue run rate. Under Coleman's leadership as Chairman and CEO, BEA has generated engineered 22 straight quarters of record revenue, one of the most remarkable unbroken runs of success in the New Economy. Furthermore, while most companies live and die without ever having one market-leading product, BEA has two: BEA Tuxedo(TM), the leading distributed transaction processing server, and BEA WebLogic Server(TM), the #1 Java application server. These products, as the heart and soul of the BEA WebLogic E-Business Platform(TM) -- a comprehensive, integrated software platform for building, integrating, managing and personalizing Internet-based applications -- have propelled BEA to become one of the world's leading e-business infrastructure software companies.
Coleman has more than 27 years of high-technology experience, including various senior management positions at Sun Microsystems: as founder, vice president, and general manager of SunIntegration Services; vice president of system software overseeing SunOS, Solaris and related products; and co-founder of Sun Federal, Inc. His personal motto is "Always compete against the best."
"On behalf of BEA, I thank Ernst & Young for this prestigious honor and for recognizing BEA's tremendous success," Coleman said. "I would also like to thank two of the most important people in my life: my wife, Claudia, and my co-founder Alfred Chuang. Both of them share this award with me."
"While entrepreneurial success is not easily attained in the best of times, this year's group is to be especially congratulated for steering through choppy economic waters," states the Northern California Entrepreneur of the Year special section in the June 29, 2001, issue of the San Francisco Business Times.
"The entrepreneurs we honor in 2001 don't just deal with change. They accelerate it," said Wendy S. Perez, Ernst & Young partner and Northern California Entrepreneur of the Year program director. "They don't just compete with others who originate good ideas or even with their own personal perfection. They also compete against time. These entrepreneurs originate, create, succeed, fail and originate again -- in the time it used to take to submit a proposal, then wait for a response. While it may sometimes seem as though this world of ours is speeding out of control, it is indeed the controlled chaos that catalyzes progress. And we who occupy the world are clearly the beneficiaries. They move us forward with the energy of their entrepreneurial spirit and lead the way into the future."
The Entrepreneur of the Year program has grown rapidly since its inception in 1986. Each year, award programs are conducted nationwide to showcase the best and brightest entrepreneurs. This year, award programs are being held in 44 U.S. cities. Selected award recipients advance to the national competition, to be held Nov. 17, 2001, in Palm Springs. Northern California judges included Jim Creigh, Wilson Sonsini Goodrich & Rosati, Ellen Lapham of Innovation Ventures, and Bob Todd, Red Rock Ventures.
Other 2001 Northern California Ernst & Young Entrepreneur of the Year award recipients include Carol Bartz, president, chairman and CEO of Autodesk, who won in the Master Entrepreneur category. Bartz is a member of BEA's board of directors.
For more information on the Ernst & Young Entrepreneur of the Year Awards, visit www.ey.com/global/gcr.nsf/US/Welcome_-_Entrepreneur_Of_The_Year_- _Ernst_%26_Young_LLP.
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