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News Roundup
Several companies announced news and personnel changes over the past week.
Posted Jan 10, 2003
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ATG (Art Technology Group) announced this week a restructuring effort that includes an approximate 20 percent headcount reduction. The company says the reduction was made "in a move to accelerate the company's path to profitability." The workforce reduction of approximately 115 people is focused primarily on ATG's professional services, general and administrative staff and internal sales support and operations. Onyx Software Corp. this week announced agreements to terminate leases representing the vast majority of the company's excess facilities. Onyx has executed agreements to terminate the lease for 200,000 square feet of excess facilities in downtown Bellevue, WA. Previously Onyx disclosed a lease termination agreement covering 100,000 square feet associated with its current headquarters. Interelate Inc. has named Laurence Jones its new CEO. Prior to joining Interelate Jones was president and CEO of MessageMedia based in Louisville, CO. BroadVision announced that James Dixon, recently retired from his executive role with Bank of America, has joined the company's board of directors. According to BroadVision, Klaus Luft, entrepreneur and IT executive, has left its board for personal reasons. Pivotal Corp. announced that it expects to meet company guidance and exceed consensus expectations for license and total revenues for the quarter ended December 31, 2002. For the second quarter of fiscal 2003, Pivotal says it expects to report revenue in the range of $15.8 million to $16.2 million, including license revenues in the range of $6.5 million to $7.0 million. E-centives Inc., a provider of direct marketing technologies and services, announced it has completed its acquisition of the assets of Consumer Review Inc., a source for consumer product reviews and information on the Web. ConsumerREVIEW.com will be run as a separate business unit of E-centives, the company says, while both companies will leverage each other's technologies and expertise to strengthen their own core competencies.
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