PRSW..Great info on their SEC filings...Current Stock holders: Cisco, Intel, Reuters and Morgan Stanley Dean Witter.
PERSISTENCE SOFTWARE INC (PRSW)
S-1 Filing (SEC form S1)
Persistence is a leading provider of transactional application server software products that comprise the Internet software infrastructure for high volume, high performance electronic commerce applications.
As the Internet has evolved into a global communications medium, companies in many industries have begun to extend their core business processes over the Internet to conduct electronic commerce with customers, suppliers and partners. While creating new business opportunities, the growth of electronic commerce has also created tremendous technological challenges. In particular, this growth has placed stress on the underlying application infrastructure. The first generation web application servers that emerged as this infrastructure were typically designed to handle simple information publishing, not to accommodate the high transaction volumes and performance requirements that characterize electronic commerce today. Even casual users of the Internet are familiar with the effects of these infrastructure limitations, such as poor performance and system failures.
Our PowerTier family of products consists of transactional application servers specifically designed to enable high performance electronic commerce. Our products, PowerTier for EJB and PowerTier for C++, address the scalability, availability and adaptability problems that frequently occur when delivering business solutions over the Internet. PowerTier is one of the few application servers that implements Sun Microsystems' full Enterprise JavaBeans, or EJB, specification to enable businesses to deploy high performance, scalable Java applications for the enterprise.
We believe that our PowerTier platform, which incorporates our patented caching technology, offers performance that is orders of magnitude faster than traditional non-caching application servers. Our products offer the following benefits for customers launching sophisticated electronic commerce offerings:
- real-time response times for up to thousands of concurrent users and
transactions;
- scalability and reliability to prevent system crashes and downtime;
- dramatic reductions in time-to-market for building and deploying
electronic commerce applications;
- capabilities that enable businesses to extend processes across
organizational boundaries; and
- support of open Internet standards.
Our strategy is to provide the leading software platform for the deployment of high performance electronic commerce applications. Key elements of our strategy include:
- capturing additional market share in the emerging business-to-business
electronic commerce market;
- extending our technology leadership in standards-based platforms for next
generation electronic commerce;
- expanding our product platform to offer complementary solutions;
- increasing our partnerships with systems integrators;
- leveraging our installed customer base; and
- strengthening our international presence.
Our customers use PowerTier as the platform for a broad range of electronic commerce applications, such as real-time electronic trading, supply chain management, Internet network management, application outsourcing and customer relationship management. We believe our PowerTier product is particularly well-suited for business-to-business electronic commerce applications requiring server-to-server communication, in multi-party, multi-step transactions. Our major customers include AT&T, Boeing, Cisco, FedEx, IBM, Instinet, Lucent, Morgan Stanley Dean Witter, Norwest, Perkin-Elmer and SuperValu.
We market and sell our products primarily through a direct sales force in the United States, United Kingdom and Germany, as well as through distributors.
Our current stockholders include Cisco, Intel, Reuters and Morgan Stanley Dean Witter.
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