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.