Banyan Worldwide changes its name ( or Banyan makes its presence felt in e-market)

MyCustomer.com
Share this content

Banyan Worldwide has changed its name to ePresence, aiming for the high-growth e-services market.

“We have reinvented ourselves as a highly focused and financially strong e-services company,” said Bill Ferry, chairman and chief executive officer of ePresence. “Our new name clearly reflects our business focus and strategic direction as a growth-oriented e-services leader that enables organizations to implement web-based systems that facilitate more personalized relationships with customers, business partners and employees.”

ePresence ended 1999 with revenue of $45.8 million, up 65 per cent over 1998, mostly due to its e-services business, ePresence Solutions, which increased by 76 per cent increase. ePresence Solutions delivers web design, development and e-infrastructure services that personalize customer interaction in a highly secure environment.

Last year Microsoft and CBS invested in ePresence and its minority holdings in Software.com. The company is the largest shareholder in Switchboard Incorporated, which had a market capitalization of $833 million on 7 April 2000. ePresence has formed a new unit, ePresence Ventures, which will focus on acquisitions and investing in companies that complement its e-services business.

Headquartered in Westboro, Mass., ePresence provides net-based solutions that facilitate more personalized relationships with customers, business partners and employees.

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.