Wednesday May 7 11:01 AM EDT
Company Press Release
Visigenic Software Named Fourth Fastest Growing Public Company in Silicon Valley
SAN MATEO, Calif.--(BUSINESS WIRE)--May 7, 1997--Visigenic Software, Inc. (NASDAQ:VSGN), the leader in distributed object technology for Java and the Web, was named the fourth fastest growing public company in Silicon Valley by The San Jose Business Journal. Visigenic was named number four based on the company's outstanding average revenue growth of 301 percent over the past three years, ending March 31, 1996. For the past twelve months ending March 31, 1997, Visigenic's revenues have increased 205 percent to $17.0 million from $5.6 million the prior year.
The Business Journal included companies based in Silicon Valley that were at least three years old at the end of the 1996 fiscal year. The organizations were ranked by William O'Neill & Co., Inc. using a method called ``least squared.'' This process takes into account both growth spurts and revenue drops, transforming them into a smooth growth curve. The companies were then ranked according to their increasing revenues for the last five years.
``We are very pleased to be one of the top companies to receive this recognition,'' stated Bob Macdonald, VP Marketing, Visigenic Software. ``Our growth is a result of Visigenic's leadership role in the fast growing distributed computing market.''
About Visigenic Software
Visigenic is playing a key role in creating the foundation on which mission-critical applications of tomorrow will be written-the open, distributed, object-based architecture for the new global enterprise. Building on its expertise in standards-based distributed object and data access technologies, Visigenic has become a leader in managing distributed business logic and its access to data.
Visigenic data access products include VisiChannel for JDBC (Java Database Connectivity), VisiChannel for ODBC (Open Database Connectivity), VisiODBC Drivers, and the VisiODBC Software Development Kit. Visigenic distributed object products include VisiBroker for Java and VisiBroker for C++, both of which are based on the Common Object Request Broker Architecture (CORBA), and utilize the Internet Inter-ORB protocol (IIOP). Additional information about Visigenic may be obtained via the World Wide Web at www.visigenic.com . |
