Forbes ASAP Names BEA to 'Best of the Web' and Dynamic 100 Lists for Market Leadership, Strong Partnerships and Superior Technology
SAN JOSE, Calif., Sep 18, 2001 /PRNewswire via COMTEX/ -- Web-enabled commerce is alive and well, and BEA is in a strong leadership position, said Forbes ASAP in honoring BEA Systems, Inc. (Nasdaq: BEAS chart, msgs), one of the world's leading e-business infrastructure software companies, with its "Best of the Web" honors in the Sept. 10, 2001, issue. Forbes ASAP also named BEA to its Dynamic 100, a ranking of technology companies by the analysts who cover them, in its Aug. 20, 2001, issue.
The awards recognize BEA's superior technology innovation, strong partnerships, financial success, and the market-leading BEA WebLogic(R) E-Business Platform, a single solution for enterprise and e-business applications that require commerce, portal, integration and Web Services.
The Forbes ASAP "Best of the Web" awards honor the most promising companies in 31 categories, judged on their strategy, execution and financial staying power. And the market opportunity for these companies, already huge, is growing rapidly. IDC estimates that B2B e-commerce will hit $516 billion this year, up from $282 billion in 2000, according to the Forbes ASAP "Best of the Web" story -- and this increase is occurring despite the troubled economy, which indicates the business-critical nature of the technology.
"Already, BEA is the market leader in software based on the Java 2 Enterprise Edition (J2EE) architecture, designed for creating collaboration, supply-chain and many other Web-based applications," the Forbes BEA profile states, specifically highlighting the importance of BEA's recent alliance to expand WebLogic software to Intel Itanium processors.
In the Forbes ASAP poll for the Dynamic 100, hundreds of analysts rated companies on several factors, including: how well the company responds to change; how big the potential market is; how the company responds to the market opportunity; the strength of the personnel; the strength of its partners and relationships; how fast the company is growing, and whether it can continue to ramp up quickly; and the strength of the company's financial health. BEA was honored in the Internet sector, one of eight categories of awards.
"(BEA's) blue-chip customer list includes American Express, Nokia and MCI Worldcom, and BEA gets high marks for the 'change' category," the "Dynamic 100" profile of BEA states. "It's a rapacious acquirer."
The Forbes ASAP honors are the latest in a succession of prestigious awards for BEA in the past four months, including the Business Week E-Biz 25, the Fortune e-50 Index, the eCompany 40, the CRN E-Star Award, Fortune "Cool Tech Survivors," BusinessWeek Information Technology 100, Industry Standard Net 21, and several Java Pro and JavaWorld awards for BEA WebLogic.
"These Forbes ASAP honors are even more proof that the press, our customers, analysts and investors feel that BEA is on the right path," said Bill Coleman, founder, chairman and CEO of BEA. "Our goal is to continue to offer the world's #1 e-business platform to enable our customers to drive high return on investment and increasing competitive advantage through e-business applications." |
