V,
NETE - here it goes:
Massachusetts has a Hot New Internet Firm
BusinessWire, Thursday, March 18, 1999 at 09:52
BOSTON--(BUSINESS WIRE)--March 18, 1999--Lookout Lycos! There is
a hot new Waltham, MA based Internet company Netegrity (NASDAQ:NETE)
that is looking to grab mindshare and marketshare in the e-commerce
arena. In an exclusive interview with the Massachusetts Investor's
Digest, Netegrity CEO Barry Bycoff outlined his plans for growing the
young firm, which recently established a reseller agreement with
Netscape (NASDAQ:NSCP).
Located across Trapelo Road from Lycos (NASDAQ:LCOS), Netegrity
might be on to something big with their SiteMinder product. As
companies develop sophisticated Intranet and Extranet sites with
potentially millions of users, Netegrity's SiteMinder offers a
centralized software solution to control user access. In the interview
with the Digest, Bycoff explains how the company's recent pact with
Netscape, which recently merged with America Online (NYSE:AOL), will
significantly expand the potential reach of the product.
Netegrity has also signed multi-year distribution agreements with
two other Massachusetts firms. Westboro, MA based Banyan Systems, Inc.
(NASDAQ:BNYN), a network software and services provider, agreed to
license, market, and distribute Netegrity's SiteMinder as "Banyan
SiteMinder." Netegrity has also signed a multi-year licensing
agreement with Cambridge, MA based Allaire Corporation (NASDAQ:ALLR),
a provider of Web application development software, to embed a subset
of SiteMinder into Allaire's "Cold Fusion" application server product.
Netegrity, which traded below five dollars a share for most of
1998, started making some blips towards the $10.00 mark as the notion
of e-commerce burgeoned into a reality during the Christmas shopping
season. Netegrity already sports a blue chip client list including
names like Deutsche Bank, EMC (NYSE:EMC), Houghton Mifflin (NYSE:HTN),
and GTE Internetworking.
About the Massachusetts Investor's Digest
The Digest extends famed Boston money manager Peter Lynch's claim
that the individual investor can be "one up" on Wall Street
professionals by focusing on local companies. By profiling only
Massachusetts based, publicly traded companies and initial public
offerings, the monthly Digest helps Beantown investors stay current on
interesting investment ideas in "their backyard."
The Massachusetts Investor's Digest maintains an online version
of the publication at its website www.massinvestor.com.
CONTACT: Massachusetts Investor's Digest
Michael Stern, 617-619-3545
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET BANKING
Today's News On The Net - Business Wire's full file on the Internet
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URL: businesswire.com
Copyright 1999, Business Wire
Companies or Securities discussed in this article:
Symbol Name
NASDAQ:NETE Netegrity Inc
NASDAQ:NSCP Netscape Communications Corp
NASDAQ:LCOS Lycos Inc
NYSE:AOL America Online Inc
NASDAQ:BNYN Banyan Systems
NASDAQ:ALLR
NYSE:EMC E M C Corp Mass
NYSE:HTN Houghton Mifflin Co
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