All, here is a recent corporate profile I picked up on the Red Herring site. At the moment the only profiles listed are those posted in December 1996 and for January 1997. There are about 25 companies and Open Text is one of them. Not sure if that is significant...but in any case, read carefully:
"Market/product:
Developer of tools, applications, and services that run on Windows LiveLink Intranet suite. Contains integrated tools for work flow, project collaboration, library management, and search functions. Includes an indexing software component and an environment for managing work over intranets. Acquired Nirv Centre of Ontario and will provide the tools for its nonprofit Internet service free for 40 months. Customers include Canon Sales, Omron, International Business Machines, InternetMCI, and Nissho Iwai. Competes with Documentum, Verity, and RadNet.
Finance/strategy: Revenues up 300 percent to $10 million for 1996.
Strategic alliances with Blue Cross/Blue Shield, Ford, General Dynamics, Genzyme, Grolier, Johnson & Johnson, Martin Marietta,
National Security Agency, Net-Temps, Oracle Government, Oxford University Press, Pratt & Whitney, Qualcomm, Random House Publishing, Sony Semiconductor , United Airlines, and Visa."
This is why I am not worried. In time these strategic alliances will become customers, and there will be more customers. Revenues should be growing very quickly. |
