SILKNET coming up from behind...
VIGNETTE CORPORATION NAMED ONE OF TOP 50 PUBLIC COMPANIES IN THE
PR Wire
May 17, 1999, 3:15 a.m. PT
Electronic
Economy by Red Herring Magazine
Continually Recognized for Innovation, Vignette Jumps From Top 50 Private
Company in 1998 to Top 50 Public Company in 1999
SUNNYVALE, Calif., May 17 /PRNewswire/ -- Vignette Corporation
(Nasdaq: VIGN), a leader in Internet Relationship Management (IRM) solutions,
today announced it has been included in the Red Herring Top 50 Public
Companies, part of Red Herring magazine's annual list of the top 100 private
and public technology companies in the electronic economy. Featured in the
June 1999 Digital Universe issue available on newsstands May 18, the Herring
100 honors those companies that have defined new standards, defended their
business models, and developed the products and services that will change the
way business gets done.
Red Herring recognized Vignette for doubling its customer base and
broadening its focus. The June 1999 issue reads, "Vignette, winner of the
Best Products and Best Overall awards among our top private companies last
year, continues to impress us_ this year Vignette will release its first
packaged application, which completes the company's classic, three-tiered
enterprise software lineup of platform products, development tools, and
applications."
"We are extremely thrilled to have been selected as one of Red Herring's
top 50 public companies this year, especially after being named a top 50
private company in 1998," said Greg Peters, president and CEO of Vignette.
"Vignette has rapidly transitioned itself from a credible private to a leading
public company. We have worked very hard to build innovative products and a
strong corporate culture with expert employees. We are honored to be included
on the Red Herring's list two years in a row. The awards recognize the
durability of Vignette's long term vision for Internet Relationship Management
solutions and demonstrate our continued momentum as a market leader."
"We hold technology companies to an entirely different set of standards,
standards that prove to us that they are innovators, agents of change, and
leaders truly affecting the construction of the digital economy," said
Jason Pontin, editor of Red Herring. "We see that the emerging networked
economy is one that requires vision, innovation, and proven expertise, and we
think our list encapsulates the companies that have put these qualities to
work."
How They Ranked
In order to accurately represent the technology industry and its key
players, Red Herring editors divided the industry according to its various
sectors -- giving more weight to those sectors that they felt most essential
in building tomorrow's digital universe. Using a system of metrical and
subjective comparisons, the list highlights companies in the following
markets: communications equipment, communications services, wireless equipment
and services, software, systems manufacturers, consumer computing, media,
electronic commerce, and biotechnology.
In choosing its companies, Red Herring looked at criterion from vision,
management, and innovative business strategies to the track record of the
company's venture capitalists, its marketing techniques and the strength of it
partnerships -- all of which impact the companies' abilities to affect change
in the new economy.
Other businesses on the top 50 Public Companies list include Amazon.com,
America Online, AT&T, Compaq Computer, Dell Computer, eBay, IBM, MCI Worldcom,
Microsoft, Sony and Sun Microsystems. A complete list of the 1999 Red Herring
100 Companies is available in the June issue of Red Herring and can be found
on the World Wide Web at redherring.com.
Vignette Corporation
Vignette Corporation, the leader in the category of Internet Relationship
Management (IRM) software products and services, provides enterprise solutions
for companies that are building businesses online. More than 225 global
companies, including First Union National Bank, U S West, National
Semiconductor, DaimlerChrysler, Nokia, Qualcomm, CNET, Bertelsmann and
Ziff-Davis' ZDNet, use Vignette solutions as part of their online strategy.
Vignette has won numerous industry awards including the Crossroads A-list
Award; Red Herring Magazine's 100 -- Top 50 Public Companies in 1999, Best
Overall Private Company in 1998 and 1998 Best Product Award for StoryServer.
In April 1999, the company's StoryServer(TM) 4 was included in the Permanent
Research Collection on Information Technology at the Smithsonian's National
Museum of American History.
Vignette spearheaded the Information & Content Exchange (ICE) initiative
with more than 80 other member companies including Microsoft, National
Semiconductor and Sun Microsystems. Based on the Extensible Markup Language
(XML), ICE 1.0 is the world's first protocol to enable content syndication.
Vignette's product line includes Vignette StoryServer(TM) 4, Vignette
Development Center(TM) (VDC(TM)), and Vignette Syndication Server(TM)
(VSS(TM)), the world's first ICE-compatible product. Headquartered in Austin,
Texas, Vignette Corporation also has offices located throughout Europe and in
Australia and can be found on the Web at vignette.com.
Red Herring Communications, Inc.
Red Herring Communications, a privately held San Francisco-based company,
is a fully integrated network of media properties connecting and enabling the
technology-empowered business builders and leaders, ideas and technologies
that are shaping and reshaping business today. Red Herring Magazine,
Redherring.com, Red Herring TV and Red Herring Events are each a crucial
conduit of information, analysis and opinion, between the vision of Silicon
Valley and the power of corporate America. More information about Red Herring
Communications can be found at redherring.com.
NOTE: StoryServer, Vignette Syndication Server, VSS, Vignette Development
Center, VDC, and Vignette are trademarks of Vignette Corporation. All other
names and terms in this release are trademarks or registered trademarks of
their respective companies.
SOURCE Vignette Corporation
-0- 05/17/99
/CONTACT: Kala Ranganathan of Vignette Corporation, 512-306-4300, or
kala@vignette.com; or Corie Kelso of Blanc & Otus, 415-512-0500, or
ckelso@bando.com, for Vignette Corporation/
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