|March 31, 2003
Business Layers Captures Business and Industry Accolades
|Leading Provisioning Software Vendor Lauded by Venture Reporter, Business 2.0,
Tornado Inside and Network Computing for Market Leadership and Technical Excellence
|ROCHELLE PARK, N.J - March 31, 2003 - Business Layers, the eProvisioning Company(tm), has kicked off 2003 with a series of accolades from several industry-leading publications. Since January, the company's product excellence and financial successes have been recognized by Venture Reporter, Business 2.0, Tornado Inside and Network Computing. In four short years, Business Layers defined the Provisioning category and emerged as the industry's foremost provider of provisioning software through its history of innovation, customer focus and involvement in industry standards, including the development of the provisioning industry's first, Service Provisioning Markup Language (SPML).
"To be recognized by so many elite publications so early in the year sets the stage for our continued success throughout 2003," said Izhar Shay, president and CEO of Business Layers. "These honors not only attest to our success in providing an efficient, secure and scalable system for managing digital resources allocation, but also bolster our position as a market leader, driving the development of the provisioning industry throughout this year and beyond."
Business Layers' financial success is capturing the attention of the enterprise's leading business publications. The company was recently named to the "Top 25 Venture Backed Firms Most Likely to Go Public" list by Venture Reporter Magazine. Venture Reporter's study comprehensively analyzes the state of the IPO industry, examining past activity and profiling the major contenders for IPO action in the near term.
In addition, Business 2.0 has recognized the company as one of its Web Guide's "Major Players" in the Identity Management space. Business 2.0's Web Guide represents the publication's "hand-picked directory of the best business links on the Web" and is available online at http://www.business2.com/webguide/0,1660,72441,00.html.
To further illustrate Business Layers' growing market leadership position, The Tornado Insider has selected the company as one of their "Tornado 25." Business Layers, also a Tornado Insider Top 100 selection for 2002, has been recognized as one of twenty-five "Up and Coming Startups" based on its leading provisioning software.
In addition to being recognized for corporate and financial success, Business Layers' eProvision(tm) Software is receiving accolades throughout the industry. eProvision(tm) Software has been named a finalist in Network Computing's prestigious "Well-Connected" awards in the Employee Provisioning Solution category. Each year Network Computing, a CMP Media LLC magazine, chooses the best hardware, software and service solutions tested over the past calendar year.
This recent series of industry awards follows on the heels of the momentum generated by Business Layers' success in 2002. Over the course of the past twelve months, Business Layers increased substantially its number of leading global customers, almost tripled its revenue, secured strong relationships with leading global system integrators and technology partners, including two strategic agreements with Schlumberger and with Netegrity, and continued its product leadership through innovation and breadth of features.
Business Layers has also been the recipient of a 2002 Network Computing's Editor's Choice Award, a Computerworld "Emerging Companies to Watch 2002" Award, a Network World "Category-Breaker" Award, the 2002 Internet/eCommerce Company of the Year Award by the New Jersey Technology Council (NJTC) and was selected by the New York New Media Association (NYNMA) as one of its "Technology to Watch Companies in 2003."
"2003 is shaping up to be a very exciting time for us. It is extremely rewarding to be recognized by the industry and we look forward to having an even more successful year," further commented Shay.
About Business Layers
Business Layers is the global leader in provisioning software, the cornerstone of identity management solutions. The company's award-winning eProvision(tm) Software products, help organizations enhance security and increase efficiency by automatically allocating IT resources to employees, customers, contractors and business partners, according to corporate policy. Business Layers is headquartered in Rochelle Park, NJ. For more information, please contact Business Layers at 877-552-9377, or visit www.businesslayers.com.
Business Layers Contact:
Senior Director, Corporate Communications
201-291-8999, ext 218