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BroadVision carries on as a public company...for now

10-Jan-2006

Tags: Portals and Content Integration, Selecting Technology, Vendor Viability & Financials, Broadvision Portal

In July 2005 ailing portal vendor BroadVision announced their plans to go private and be acquired by a private equity company. It slipped our radar that in November the company then announced a "mutual termination of acquisition", due to "difficulty of securing a quorum in the stockholder vote." Pehong Chen, onetime media darling and still BroadVision's Chairman and CEO, has gamely made a commitment to relieve the company of some short-term liquidity concerns by fronting some of his own cash. In later news from December, BroadVision announced plans for a possible reverse stock split to maintain its NASDAQ listing. The company continues to work hard to survive -- and potentially find a new owner. BroadVision has made a serious investment to migrate off its own application server to broader J2EE-platform support, and relative to its smallish size, the company certainly tries to address some ambitious portal problems. Read more in the upcoming Enterprise Portals Report.

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