|March 25, 2003
Business Layers Selected To Venture Reporter's "Top 25 Most Likely to Go Public" List
|Provisioning Software Leader Poised for Growth
|ROCHELLE PARK, N.J. - March 25, 2003 - Business Layers, the eProvisioning Company(tm), today announced that it has been chosen by Venture Reporter Magazine as one of the "Top 25 Venture Backed Firms Most Likely to Go Public" (www.venturereporter.net).
Venture Reporter's "Top 25 Venture Backed Firms Most Likely to Go Public" Report comprehensively analyzes the state of the IPO industry, examining past activity and profiling the major contenders for IPO action in the near term. Venture Reporter's findings are the result of an exhaustive analysis to determine the top 25 private companies, which have been able to attain substantial business achievements and sustainable growth.
In four years, Business Layers defined a market category and emerged as the industry's foremost provider of provisioning software, a cornerstone of security and identity management implementations. Business Layers' award-winning eProvision(tm) Software is utilized by global customers including Schering-Plough, West LB, ChevronTexaco, and other high profile organizations across diverse industries.
By providing software solutions viewed by many as the "the holy grail" for the enterprise, Business Layers has secured a coveted place within the Venture Reporter's "Top 25 Venture Backed Firms Most Likely to Go Public" Report. According to this report, Business Layers and the provisioning market are poised for explosive growth as "the time-saving and productivity measures that a Provisioning system offer are significant." (Venture Reporter, "Top 25 Venture Backed Firms Most Likely to Go Public" March 2003).
"We're thrilled Business Layers was able to make the cut," commented Venture Reporter's Jason Calacanis. "We started with over 300 candidates, narrowed it down to 40 serious contenders and then narrowed it down again to reach the 25."
"Despite the challenging economic climate, we have been able to grow our business dramatically in the last two years. We are thrilled that Business Layers is one of Venture Reporter's picks for the next 25 venture-backed companies most likely to go public," said Izhar Shay, President and CEO of Business Layers. "This recognition is a testament to the viability of the provisioning market, and a validation of our role as the leader and driving force within the industry we have helped create."
About Venture Reporter
Venture Reporter is a business information services firm which tracks venture capital and M&A transactions in our database at www.venturereporter.net. Venture Reporter also produces proprietary research based on this data including research reports on the software, life sciences, and wireless industries.
About Business Layers
Business Layers is the leading provider of provisioning solutions, a cornerstone of identity management. The company's flagship product, eProvision(tm) Software, provides an efficient, secure and scalable system for automatically allocating IT resources for users, including employees, customers, contractors and business partners. Business Layers is headquartered in Rochelle Park, NJ. For more information, please contact Business Layers at 877-552-9377, or visit www.businesslayers.com.