(from www.sec.gov)
|
|
|
|
|
|
 | |
Intersolv Inc. |
 |
From the April 28, 1997 Washington Post
| '96 (in $ 000s) | % Change From '95 | |
| Revenue | 145,313 | 8.0 |
| Net Income | (3,711) | -- |
Description:
Intersolv is a software maker for software makers. The nation's 30th largest software company, Intersolv calls its product line a "software factory" because its programs are the tools used to create and manage complex software, including World Wide Web sites.
|
Intersolv moved into the Internet business last fall, rolling out programs to help software developers set up and operate Web sites. Its hottest new product is a "change-management" program that handles the constant updates required to maintain corporate Internet sites.
From Intersolv's viewpoint, the Internet is not only another opportunity to sell software development products but also a breakthrough forcing corporations to rethink their approaches to information management, creating more demand for Intersolv's products.
The other big growth areas for the company are Southeast Asia and the year 2000 business—fixing computers that keep track of dates as two-digit numbers so they can handle the turn of the century. Intersolv sells software to fix the problem and provides teams of programmers for corporate clients.
Exports are a big part of Intersolv's business, and Japan has become the company's biggest single export market since it opened an office there last year. The company also signed its first contract in China and is rapidly expanding throughout Southeast Asia.
The company's founder and chairman, Kevin Burns, turned the job of chief executive over to chief operating officer Gary G. Greenfield and recruited two heavyweights for his board of directors: Michel Berty, chairman of Cap Gemini America, the U.S. operation of one of the world's biggest information technology consulting firms; and Craig Roos, a top executive of MobileMedia Communications, a big paging company.
