proxicom
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during the fourth quarter, proxicom opened its london offices, proxicom uk, a wholly owned subsidiary of the company focused on financial services contracts. proxicom already has offices in munich, rome and madrid .
proxicom (now known as icrossing) hasn' t added any jobs yet .
glassdoor gives you an inside look at what it' s like to work at proxicom, including salaries, reviews, office photos, and more. this is the proxicom company profile. all content is posted anonymously by employees working at proxicom .
my desk at clarity / proxicom circa 2001 just as the dot com bubble burst .
under the agreement between compaq and proxicom, proxicom can terminate the pending deal if the dimension data proposal isn' t matched by 5 p. m. edt monday .
hired proxicom to implement a system for managing unbundled transmission and storage of natural gas .
a. proxicom has always recognized the value of having a thorough understanding of the industry - specific challenges our clients face. for this reason, proxicom aligns its organization by industry practices, the energy practice being one of proxicom' s seven active industry focuses .
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proxicom gives icrossing access to an entirely new roster of clients - - as there is virtually no overlap between the two companies, according to scales. of particular note is proxicom' s automotive vertical, which includes chevron and toyota. dupont is another key proxicom client .
the price compaq paid values proxicom at $ 336 million, but because proxicom has an estimated $ 70 million in cash on hand, the net cost to compaq is only $ 266 million .
proxicom' s services enable energy companies to redefine themselves in a deregulated, internet - driven marketplace .
upon termination, proxicom will have to pay compaq a $ 10 million termination fee. in an announcement today, proxicom said it expects to move forward with the dimension data deal after the monday deadline passes .
gores technology group, llc acquires proxicom, inc. from dimensions data holdings, plc march 11, 2004
kinder morgan serves as just one example of the many energy companies that benefit from proxicom' s services .
fernandez was a competitor whose desire for personal challenge led him to start proxicom as a systems integration firm in 1991. as the creative challenge of the brave new e - world emerged, fernandez refocused proxicom exclusively on the internet itself .
putting down roots in munich landed proxicom in the southern german state of bavaria, the closest thing europe' s largest market has to a silicon valley. proxicom headed for italy and spain in 1999, but all these new ventures challenged the company' s identity as a chiefly american company. and proxicom chose to ride the wave, not resist it .
proxicom took advantage of this head start to focus on developing internet - based e - business solutions and became the standard - setter for the emerging industry. after the first transaction - enabled mall site with marketplace mci, proxicom developed the first internet - based edi solution for mobil oil. in 1996, proxicom won the first gold clio ever awarded to a website with our creation for l' eggs pantyhose. today, proxicom can point to a proud history of being the first .
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s design capabilities and meet the growing needs of a diverse client base increasingly looking to proxicom as their online brand steward .
analysts expected reston, va. - based proxicom to earn 5 cents per share, according to a survey by first call .
proxicom, inc. , reston sandra taylor, ph. d. , 610 - 968 - 2149 sandra. taylor @ urltoken
under the agreement, proxicom is helping united states - based toyota motor sales to expand features and options that customers can use when shopping on toyota' s site. proxicom helps clients with projects ranging from the development of web sites to the formulation of internet strategies .
last month icrossing completed the integration of two firms it acquired last year, marketing technology provider sharp analytics and web development firm proxicom .
proxicom, according to fred stow, director of proxicom' s energy practice, wants to enable energy companies to reduce operating costs, streamline enterprise processes, establish new revenue channels and manage regulatory compliance. the bulk of proxicom' s energy practice exists in the u. s. , but the company provides services for some overseas clients, including ibedrola, one of spain' s largest utility companies .
technologies of compaq and their partners; to serve a broader set of customers on a global basis and to expand skill sets into new areas. q24. will proxicom still trade on the nasdaq? a. at the closing of the transaction (expected in june), proxicom will no longer trade on the nasdaq. q25. will proxicom still have a board of directors? a. no, at the closing of the transaction (expected in june), proxicom will no longer have a board of directors. q26. when will i be considered an employee of compaq? a. at the closing of the transaction (expected in june), proxicom becomes a wholly owned subsidiary of compaq and proxicom employees will remain employees of proxicom, a compaq global services company. q27. when will proxicom employees be transitioned to compaq compensation and benefits programs? a. an hr transition team comprised of proxicom and compaq members will develop a plan to integrate proxicom employees into compaq compensation and benefits programs. the hr transition team will determine the timetable for enrolling proxicom employees into compaq benefits. the team will also determine an appropriate transition plan for moving proxicom employees onto compaq' s compensation structure and programs. once the transition plan is completed, it will be communicated to all proxicom employees. q28. will i get credit for my time of service at proxicom? a. time of service will be credited where appropriate and accrued vacation will transfer to compaq as a starting balance. q29. will my salary change as a result of this transaction? a. employees will transfer at the same effective rate of salary or hourly wage, as applicable. q30. how can i get more information on compaq' s compensation and benefits offerings? a. compaq has a compensation and benefits program that is competitive within the high technology and professional services industry. details of compaq' s compensation and 5
before proxicom, mr. watson had never been overseas. he speaks no french, though with much of the technology world fluent in english, work has not been a problem. still, like proxicom, he is learning about the business world outside the united states .
at 1 p. m. pst, the close of regular market trading, proxicom shares were up $ 1. 75 to $ 111. 75. the earnings report was issued after the close of regular trading. proxicom shares traded as high as $ 117 after hours .
in the end, proxicom played a lead role, building all of the back - end development and 80% of mci' s storefronts. the knowledge and experience gained in this challenge became invaluable intellectual capital in proxicom' s own bank of ideas, solutions, and alliances .
both mr. rutt and mr. hansen fell under proxicom' s spell last year while working on separate business deals in europe. bcg was advising a european firm when mr. hansen linked up with proxicom to help weave the internet into his client' s strategy from the beginning .
that said volumes for us ,
mr. chilcott said .
and it seemed a conscious decision on proxicom' s part .
proxicom today reported fourth - quarter earnings a penny above analysts' estimates and said its board set a 2 - for - 1 stock split .
under the experienced hand of proxicom, energy companies are finding creative ways to use the internet to succeed in a marketplace being transformed by deregulation .
the company now defines itself as an e - business consulting and development firm providing services to seven industries, including energy. frederick stow, director of proxicom' s energy practice, filled in details of the company' s evolution and explained what distinguishes proxicom from the swelling field of competitors .
the expansion of proxicom overseas has generally been a boon to the company' s employees, who number roughly 1, 000, 20 percent of them overseas. as is typical in the service sector, proxicom' s operations in another country have not resulted in job cuts in the united states .
a. yes. in 1994, proxicom helped mci build its web - based commercial venture, marketplace mci. the wide - ranging project had been allocated equally among the five firms involved, but proxicom' s developers quickly stood out for their tenacity and willingness to take on the difficult tasks .
exton, pa.  (october 28, 2005) daou systems, inc. (otcbb: daou) today announced that it has completed the anticipated merger with and into prx acquisition sub, inc. a wholly - owned subsidiary of proxicom, inc. (proxicom). proxicom is a portfolio company of the gores group, llc (gores). the cash payable to the holders of daous common stock is approximately $ 0. 384 .
coburn watson, a senior consultant in proxicom' s paris office, moved overseas from san francisco for a six - month stint to work on a project with a major french automaker. and what proxicom is doing to itself, the company is doing to the 31 - year - old computer systems engineer .
the agency will retain the proxicom brand and the agency’s chief operating officer blue van dyke will stay on. its clients include chevron, dupont and toyota .
though it remains willing to absorb new people and ideas whatever their provenance, proxicom has sought to export key parts of its business model without giving in to local customs. but some customs close to proxicom executives' hearts are proving a tough sell, including that staple of american technology companies, the stock option .
one of the basic value propositions of all proxicom' s engagements is the effective transfer of knowledge to our clients. as trusted advisors, proxicom' s energy practice consultants are constantly developing, refining and applying thought leadership positions that meld cutting edge e - business knowledge with industry - specific trends and application needs .
there is a domino effect from getting [ into new markets ] early and moving quickly ,
said ken tarpey, proxicom' s chief financial officer .
both ventures hold the promise of benefits that proxicom could not have hoped for if it had started wholly owned subsidiaries in the two countries, company officials said. americans were able to leave reston and set up shop in new york and san francisco, but proxicom had to surrender a measure of independence to break into foreign markets .
aiming to escape the recent slump in the internet consulting sector, proxicom lands a multimillion - dollar contract to help redesign and redevelop the automaker' s online marketplace .
these addresses are known to be associated with proxicom wireless, llc however they may be inactive or mailing addresses only. please verify address for mailing or other purposes .
internet marketer icrossing acquires va. firm from the arizona republic reports icrossing has purchased proxicom, a web development firm based in virginia after getting $ 62 million last week .
skittish investors see proxicom as a quality stock not just because it' s profitable - - it reported net income of $ 2. 7 million for the first quarter - - but also because it has a relatively low - risk clientele. only 6 percent of proxicom' s customers were dot - com companies last quarter, cohen said .
as government regulations demand more open markets, the energy industry must adapt. proxicom played a role in enabling gas pipelines to bring their businesses online and in compliance with regulations such as ferc order 587. kinder morgan energy inc. , formerly kn energy, represents an example of a company that sought proxicom' s expertise for regulatory compliance .
and as a result of a merger, a major pipeline company needed a solution that would integrate its customer information systems across the merged companies. proxicom provided the expertise .
finally, we excel in our quality of delivery. proxicom consistently delivers its client - project commitments on time, within budget, with the highest emphasis on quality results .
fernandez and general atlantic partners - - two of proxicom' s largest shareholders - - support the compaq acquisition and agreed to tender their offers as part of the transaction .
proxicom has the best international strategy in the e - services sector that we have seen, especially for its size ,
said andrew burns, an analyst with painewebber .
icrossing, the search marketing agency, has acquired us - based web development agency proxicom. it claims the deal makes it the largest independent digital marketing agency in the world .
a host of local political and technology figures invested in or were board members of proxicom, including leonsis and morino, and former new york representative and presidential candidate jack kemp .
proxicom entered joint ventures in both countries as a minority partner, with 20 percent of the new companies. in italy, it partnered with swedish telecommunications giant ericsson to create eunosia internet architects spa. in spain, proxicom' s partner in the new kristina internet business solutions was the iberdrola group, a spanish conglomerate with extensive holdings in the energy sector .
compaq had offered to buy reston, va. - based proxicom for $ 5. 75 per share in cash, a move the company said would expand its services to customers .
also, proxicom minimized changes to the back - end structure and data processing logic and leveraged data, information storage, business rules and processing logic currently implemented in an existing database .
as with our ge plastics relationship, proxicom always strives to build a trusted advisory role with our clients. a trusted advisor relationship not only allows proxicom' s consultants to effectively deliver near - term projects, but also helps them anticipate future client needs, resulting in strategic opportunities to prepare longer - term business and e - business goals that meet those needs .
the founder and ceo of proxicom, mr. fernandez had already guided the company across the atlantic with subsidiaries in germany and britain, and joint ventures in italy and spain. but he needed executive muscle to lend depth and credibility to proxicom' s overseas push, and his work began in earnest in business class on an evening flight from london to new york .
—virtually all energy industry companies have invested in the implementation of various erp systems over the past five years. proxicom can web - enable existing erp systems and integrate those new systems with existing systems. proxicom' s focus on building complete, end - to - end solutions encompasses customer, partner and employee offerings and increases the rate of return on recent erp implementations .
giants like andersen consulting, with revenues from similar services of $ 1. 9 billion, might still dwarf the reston upstart, but proxicom' s nimble moves in europe have impressed investors .
, proxicom implemented the first secure, pure internet - based edi solution that enhances working relationships, improves order accuracy, boosts productivity and reduces costs, integrating it with sap r / 3 .
proxicom chief executive officer raul fernandez said the company is also building on its alliance with ericsson' s consulting unit to sell wireless applications to corporate clients in the united states as well as europe .
i' ve followed [ proxicom ] since my urltoken days, so when they became available i knew they were perfect for us to build out our web development capabilities ,
scales said .
the attraction of proxicom, mr. fernandez knew, was its rapid growth in the multibillion - dollar market for consultants who push the internet into every corner of a company' s business. more than simply
going on line ,
companies like proxicom have shaken up the business models of big - name corporations, including general electric, american international group, merrill lynch and owens corning, among others .
clarity ibd ltd. , which had clients in most of the areas in which proxicom specializes, turned out to be the best candidate. but martin chilcott, the chairman of clarity and now a proxicom vice president, said he worried that the acquisition might turn out to be a blatant conquest by the americans, rather than an opportunity for clarity' s employees to spread their wings within a global company .
clients like general electric have driven proxicom' s expansion overseas. for example, proxicom revamped the web site of ge plastics to deliver information about its products and offer direct sales on line. a separate intranet system linked different sources of data to create an internal database. this ruthlessly streamlined sales process, a microcosm of the internet' s impact on business around the world, helps cut costs throughout the company .
this organizational structure provides proxicom with precise knowledge, depth of experience and the ability to rapidly address our clients' needs. proxicom' s industry - focused organization is a key factor in helping our clients capitalize on the economic potential of the internet. it helps us provide strategic counsel to our clients on emerging industry and technology - specific trends that represent opportunities to develop decisive competitive - edge positions in their industry sector .
in the first two months of this year, proxicom lured heiner rutt and michael hansen, both germans, away from boston consulting group (bcg) with personal pitches from the ceo that began over the atlantic .
agency - proxicom, inc. art directors - alex costello and anyez chen creative director - eric wegerbauer designers - elios linos and anyez chen producer - dean sakihama programmers - brian shea, christy coy, sasha sklar
aiming to extract itself from the recent slump in the internet consulting sector, proxicom today said it has landed a multimillion - dollar contract from toyota to help redesign and redevelop the japanese automaker' s online marketplace .
proxicom wireless, llc filed as a florida limited liability in the state of florida on wednesday, november 16, 2011 and is approximately seven years old, according to public records filed with florida department of state .
but a higher bid of $ 7. 50 per share was received by proxicom from south africa - based dimension data holdings plc on monday. compaq was then notified and given an opportunity to raise the stakes .
the transaction was approved by a majority of daous stockholders, confirmed today at the special meeting of stockholders held to consider and vote upon the merger with proxicom. the closing of the transaction took place immediately following the special stockholders' meeting. daou and proxicom entered into a definitive merger agreement on august 10, 2005, and daou subsequently filed a definitive proxy statement on september 16, 2005 with the securities and exchange commission .
winning an account with bmw financial services, the luxury automotive giant' s financing arm, led proxicom to establish a wholly owned subsidiary in munich in november 1998, staffed mainly, though not entirely, by americans .
q10: will raul have a new role within compaq? what about the other members of the senior management team? a: the senior management team of proxicom, will continue to manage proxicom, a compaq global services company. raul will become vice president of proxicom reporting to jeff lynn. all other members of senior management will continue to lead proxicom, a compaq global services company. q11. do you anticipate any impact on proxicom facilities? a. both organizations have active facilities management plans. compaq is evaluating proxicom' s facilities in a comprehensive manner and will be implementing a facilities plan after the merger is complete. q12: what is compaq' s overall acquisition strategy? a: acquisitions are a key element of compaq' s growth strategy for global services. compaq seeks opportunities that are synergistic to their current business, consistent with their long - term business strategy and that enhance their skill set and / or geographic coverage. q13: is compaq planning any other acquisitions? a: compaq will continue to aggressively evaluate acquisitions as a key element of their growth strategy. q14: does this acquisition signal a change in the focus of compaq' s services strategy? what is compaq' s services strategy at this time? a: the acquisition strengthens compaq' s services strategy to deliver innovative solutions to customers globally. compaq focuses on maximizing the benefits of integrating and managing new technology to accelerate their customers' competitive edge. q15: does this suggest a move to a market / industry focus for compaq global services? a: the acquisition of proxicom provides compaq with the critical resources necessary to enhance and expand their reach into additional key vertical industry markets. q16: is the proxicom acquisition only specific to professional services? a. a key initiative in compaq' s strategy is to grow the compaq global services business to be 30% of the corporate revenues. proxicom is a professional services firm and therefore complements professional services, while strengthening compaq' s overall 3
four months later, in january, mr. hansen, 39, joined proxicom as its new vice president for international operations, but not before learning, to his astonish - ment, that mr. rutt would be his new boss. mr. rutt, 49, another victim of trans - atlantic travel with mr. fernandez, left his post as head of bcg' s americas division to become proxicom' s president in february .
that proxicom' s two new executives were not americans was icing on the cake for a company that needed to demonstrate its bona fides to the rest of the world. they also personified the transformation the company is undergoing .
you have to think of [ proxicom ] as an american - based company that wants to be global in nature ,
mr. tarpey said ,
not a u. s. company doing business abroad .
the move comes at a time when a number of proxicom' s rivals, including viant, ixl enterprises and xpedior, have seen their stock plummet because of anticipated shortfalls in quarterly earnings and growing disinterest from the investor community .
proxicom enabled kinder morgan to have one of the first ferc 587 and gisb compliant systems. kinder morgan' s business - to - business edi - enabled internet site integrates their four pipeline systems while running on a sybase database .
, an oil industry trading consortium, proxicom implemented a fully distributed trading and risk - management system for a major energy transporter, enabling accurate, real - time market valuation of the company' s energy commodities and trade contracts .
all proxicom employees in the united states have stock options, and the company is essentially owned by its top people. mr. fernandez owns roughly 27 percent of its stock, and other executives and senior managers own another 41 percent .
overview proxicom is a leading provider of internet solutions to global 1000 companies and other large organizations. since 1994, we have focused exclusively on the internet and have successfully completed over 600 client engagements. our internet solutions have included - business
two weeks after announcing that it would acquire e - business consulting firm proxicom inc. for $ 266 million, compaq computer corp. today announced that it won' t match a higher offer made for the company by a competing bidder .
area venture capitalists said proxicom has been a ripe target since its share price dropped into the single digits, especially after it laid off nearly 20 percent of its workers, or 227 people, in march after its business began drying up .
in britain, putting europeans in senior executive positions greased the way for proxicom' s first overseas expansion. the company established a london - based subsidiary in december, and began casting around for a company that would flesh out its operations there .
proxicom, which competes against a host of internet services and consulting firms, including scient, viant and ixl, attributed the better - than - expected results to an increase in new services contracts in the united states and continued expansion throughout europe .
mr. fernandez, keenly aware that proxicom' s u. s. - based multi - national clients would demand attention overseas or seek other companies to integrate the inter - net into their businesses, reveled in the success of his double coup .
though proxicom was founded in 1991, it took up the internet services challenge wholeheartedly in 1995. the company then tele - scoped its america - only phase into a remarkably short period, even by the greased - lightning standards of the technology industry .
proxicom covets a top spot in the world market for integrating the internet especially wireless technologies into the daily grind of businesses in the united states and other countries. international data corporation conservatively estimates this pot of gold will reach $ 80 billion by 2003 .
for additional information about the types of services offered by proxicom, contact mara vannostrand, marketing director, 713 - 513 - 4804, marav @ urltoken or fred stow, vice president of energy, 713 - 513 - 4883, fstow @ urltoken .
proxicom inc. , the internet company founded by washington capitals partner raul fernandez that reaped the rewards of the technology boom and struggled to hang on after the bubble burst, was sold yesterday to compaq computer corp. for $ 336 million in cash .
a. there were really three primary challenges that we, like all small young firms, faced during our formative years. the success or failure of an organization is determined by the team of people that is formed as its nucleus. proxicom was able to quickly recruit and build a strong leadership team of experienced business professionals that possessed an entrepreneurial spirit and a people and customer focus. this team helped to recruit other high - energy employees and established the proxicom culture of learning, teaching and having fun .
a. because proxicom works almost exclusively with fortune 1000 companies, we understand the value of developing long - term and in - depth relationships with our clients. our five - year relationship with ge plastics is a good example of this type of commitment .
in britain, clarity was used to working in a market where wireless services, interactive television and the personal computer formed the backbone of its work. proxicom could feed this knowledge into other projects, but only if it wanted to, mr. chilcott said .
proxicom became one of the first of the new crop of high - tech businesses to court fortune 500 clients and the media alike. some of that buzz emanated from the personality of fernandez, who early on became a familiar presence at networking and philanthropic events .
ericsson' s expertise in wireless internet services, the next frontier in telecommunications, should help proxicom integrate new technologies into the services it provides. the venture with iberdrola, which has 5 million customers in latin america, could lead to new opportunities in that region .
but proxicom will not have the luxury of waiting for other countries to improve the climate for options before setting up shop. the company' s clients want services in these countries, whether or not the employees have the benefit of stock options, mr. tarpey conceded .
take a look at the list of local stocks with the highest price / earnings ratios. proxicom inc. and cysive inc. - - both reston - based
internet arms merchants
- - are still on the list with p / e ratios of around 66 .
with proxicom' s help, kinder morgan lowered support costs by eliminating software distribution and maintenance to customers. kinder morgan also developed an online transaction processing system (ordering, tracking) including nominations, confirmations, scheduled quantities, storage allocations, allocation statements and imbalance statements .
more than doubling in size overnight, the search - centric icrossing has acquired web development agency proxicom for an undisclosed sum. growing from 200 to 550 employees, the merger is in line with icrossing' s grand designs to become a top full - service digital agency .
services portfolio. compaq anticipates additional compaq hardware and software opportunities as a result of this acquisition. q17: will proxicom remain
vendor agnostic
in regard to hardware when providing solutions to future customers? a: while compaq has a brand preference for compaq, compaq global services recognizes the reality of multivendor environments and has a long track record of providing multivendor solutions to our clients. we do not expect this to change. q18. how will this acquisition affect compaq' s relationships with other systems integrators? a. there should be little to no change in compaq' s partnering efforts. q19. how does this affect our customers? a. the combination of the two companies should benefit proxicom' s customers by allowing them to work with an expanded set of products and service offerings from compaq. the combination will also allow proxicom' s customers to work with compaq on a global basis. q20. how was the purchase price determined? a. the purchase price was determined by the value that the company can generate for compaq and by working with various advisors. q21. how will this acquisition affect the future growth of compaq hardware and services revenues? will the acquisition contribute to the growth of revenues in other services areas, or was proxicom acquired solely for the revenue and profits that it could generate a subsidiary? a. we expect the acquisition of proxicom to have a positive impact on compaq global services' business as well as compaq' s hardware and software business. q22. do you anticipate similar deals to be announced by other industry competitors? a. we are already seeing an increase in mergers and acquisitions, consolidations in the professional services business and expect it will likely continue for the next several quarters. q23. what opportunities will the acquisition provide proxicom employees? a. the integration of proxicom and compaq provides new and expanded opportunities to participate in training and career development; to have access to the advanced 4
this year, proxicom will derive roughly 20 percent of its revenues from non - american operations, mr. tarpey said. within five years, he added, the company hopes to take 40 percent each from the united states and europe, with another 20 from asia. at that point, the location of proxicom' s headquarters in the dulles corridor, if the fast - growing company is still there, will become incidental, an accident of history having more to do with the ceo' s birthplace than the business he entered only 15 years earlier .
granting stock options to new employees is a
core belief
of proxicom, and the company intends to extend this practices to new ventures, mr. tarpey said. but outside the united states, tradition and taxation frequently combine to frustrate this increasingly ubiquitous feature of american capitalism .
—proxicom' s approach to developing an e - business strategy enables a client to achieve and sustain overall business goals by looking at new business models, optimizing the supply chain, strengthening relationships with customers, partners and employees, and readying the organization to succeed in the new economy .
going back as recently as 1997, proxicom had to build a lot of the functionality that today is taken for granted as a packaged option. we would perform build or buy analysis after defining the business and functional requirements and often, we couldn' t find anything to buy .
this is the closing of one chapter and the beginning of a new and exciting chapter ,
said fernandez, who said he will continue to run proxicom as a compaq subsidiary .
i' ve made a multi - year commitment to continue to run this practice .
proxicom is leading provider of internet solutions to global 1000 corporations. we provide strategy, technology and creative services for clients such as gm, ge, and merrill lynch. fundamentally we help them transform their business in order to take advantage of the internet as an offensive and defensive tool .
compaq intends to aggressively drive its strategy of expanding our services capabilities ,
said peter blackmore, executive vice president of worldwide sales and services, in the statement .
however, at this time, we don' t feel current economics warrant increasing our bid for proxicom .
many of the dot - com millionaires of yesteryear have been brought back to earth, but fernandez joins a group of local technology executives who cashed out in time. he bought his share of the caps with part of the approximately $ 42 million in proceeds from an october, 1999, sale of 800, 000 shares of proxicom stock at $ 52. 38 each, becoming a partner with his friend and mentor, ted leonsis, the former america online executive who himself profited from cashing in a piece of his stake in that company. leonsis is a member of the proxicom board .
companies such as proxicom that sell services that don' t require hefty capital spending have an easier road to profitability than some other infrastructure companies, such as telecommunications carriers and internet service providers that must spend millions of dollars on network build - out before they can generate revenue, much less profits .
additionally today, proxicom said its board of directors approved a 2 - for - 1 split of its outstanding common stock to apply to shareholders as of the close of business on feb. 9, 2000. additional shares will be distributed to those shareholders on feb. 24, the company said .
an april 27 front - page article about compaq computer corp.' s acquisition of proxicom inc. incorrectly identified ted leonsis. he is america online inc.' s vice chairman and chief product officer and president of aol' s advanced services group. (published 4 / 28 / 01 )
the clincher was the pair of germans that the u. s. - based company had installed at the top. mr. rutt and mr. hansen were human proof, mr. chilcott said, that proxicom would embrace colleagues who needed visas to work in the united states, even senior executives .
what effects will e - business have on organizational structure and culture? will the industry' s traditional structures and attitudes contribute to e - business success, or will they be an obstacle? proxicom helps clients understand these implications and implement the right organizational strategies that fully leverage their e - business initiatives .
raul fernandez launched proxicom in 1991 with little more than a us $ 40, 000 investment combined with technical expertise honed as director of emerging technologies at a maryland - based government contracting firm. the company was born as a systems integration firm but quickly tied all its fortunes to a rising star—the internet .
a decade ago, proxicom grew along the notion that the washington area could support a technology hub in its own right. it was
early to the party ,
in tech - speak. and its leader followed a familiar pattern, according to john tydings, president of the greater washington board of trade .
under the wing of a much larger powerhouse, many financial analysts say proxicom will thrive and compaq will broaden its business beyond computer sales, which have been flagging of late. witness ibm corp.' s consulting arm, which reported $ 80 billion in backlog last week while its desktop computer business flagged, analysts said .
proxicom employs more than 1, 200 consultants across the u. s. who use their skills in strategy, technology and creative design to build solutions for supply chain management, e - business, electronic - data interchange (edi), collaborative computing, enterprise resource planning integration, customer service, community building and distance learning .
reston - based proxicom closed friday at $ 45. 68 3 / 4 a share, more than doubling from its low of $ 21. 50 on april 17. though its share price remains down 24 percent year to date, the average stock in its sector is off 50 percent for the year, according to daren cohen, an equities analyst at friedman, billings, ramsey group inc. in arlington. proxicom, which provides internet consulting and builds web sites for large companies such as worldcom inc. , exxon mobil corp. and america online inc. , has been the beneficiary of the market' s
flight to quality ,
he said .
—safety and environmental compliance remain big issues in the energy industry. significant time and cost savings can be realized if the information - gathering and forms - filing processes are taken online. wireless technology also speeds the process since most reporting and paperwork is done from the field or job site. proxicom currently helps clients bring these processes online .
compaq officials said they would continue to operate the business under the proxicom name and would keep its 1, 000 employees and reston offices. the acquisition, however, represents the loss of another major technology company headquarters in the washington area - - one that has been at the nexus of the region' s business and political worlds .
after the sale was announced, proxicom chief technology officer craig miller said he walked the firm' s corridors at its headquarters at 11600 sunrise valley dr .
the mood was uniformly excellent ,
he said .
people are optimistic. it shows a vote of confidence. they think this is the opposite of a layoff .
proxicom, an e - business consulting and development firm based in reston, va, helps energy companies compete in a marketplace reshaped by mergers and acquisitions, merging marketplaces and the 1994 emergence of the internet as a business channel. these market forces require established companies to redefine themselves, while providing fertile soil for the growth of new energy companies .
that' s high enough to be scary, but last spring their ratios were way up in the triple digits, close to where ciena is today. proxicom stock was $ 62 a share then; today it' s $ 11. 94. cysive was a $ 61. 50 stock then; today it' s $ 7. 25 .
much news about proxicom has focused on mr. fernandez, 33, the native washingtonian done good as a pioneer in the world of digital - era services. sports fans know him as a part owner of the washington capitals. gossip hounds heard of his wedding bash in the four seasons hotel, where las vegas entertainer tony bennett sang for the guests .
reston, va. - based proxicom, which boasts big - name clients including america online, general electric, general motors and nbc, said demand remains strong across all of its industry practices. the 9 - year - old company provides professional services and development expertise targeting industries such as energy, telecommunications, financial services, retail, manufacturing and media .
. i' m your host, shannon henry. my guest today is raul fernandez, one of the new guard of technology ceos in the washington area. fernandez runs proxicom, a company that builds web sites for large businesses. it went public in april and is housed in 11600 sunrise of reston, mario morino' s high - tech hothouse .
having started down the path of going global, proxicom has little choice but to pursue the strategy to the far corners of the earth, its senior executives say. the logic of following global clients and tapping emerging markets is inexorable, admits mr. tarpey, who said the company hopes to break into the japanese market next year, and latin america soon thereafter .
as an example of our thought leadership position, look at an interview in the most recent issue of the oil and gas journal online urltoken in which dennis mcmullin, one of proxicom' s energy practice consultants, talks about the impact of e - commerce and e - business on the energy industry (click on the
energy trends
section above dennis' picture) .
web design firm proxicom inc. ; aether systems inc. , a developer of wireless data software and services; webmethods inc. , which develops software that lets businesses exchange information with suppliers and customers across the internet; and ciena corp. , a maker of fiber - optic networking equipment, have all seen their share prices bounce back from the sharp declines in april and may .
internosis, a privately held information technology consultancy and systems integrator, announced today the appointment of raul fernandez as its non - executive chairman. fernandez founded proxicom, inc. , which under his leadership evolved into a leading global provider of sophisticated e - business solutions for fortune 500 companies, went public in 1999 and was sold to dimension data (lse: ddt) in 2001 .
statements about the expected effects on proxicom and daou as a result of the acquisition of daou by proxicom, statements about the estimated cash amounts payable to the holders of daous common stock in the proposed transaction with proxicom, statements about the expected timing and scope of the proposed merger, and all other statements in this release other than historical facts are forward - looking statements. forward - looking statements include information about possible or assumed future financial results and usually contain words such as believes,  intends,  expects,  anticipates,  or similar expressions. these statements are subject to risks and uncertainties that may change at any time, and, therefore, actual results may differ materially from expected results due to a variety of factors, including but not limited to, the satisfaction of the conditions to closing of the acquisition, as well as the additional factors discussed in daous annual report on form 10 - k and 10 - k / a for the year ended december 31, 2004 and daous quarterly report on form 10 - q / a for the quarter ended march 31, 2005 and form 10 - q for the quarter ended june 30, 2005 .
also, we excel in our thought leadership. since proxicom has been solely focused on e - business since 1994, the company has completed over 1, 000 client engagements. this experience means that we know what it takes for our clients to be successful in e - business. the solutions that we develop for our clients go far beyond the depth and breadth that our competitors provide .
—energy industry leaders must develop a mixture of online business relationships beyond online marketplaces. they must create information - rich, web - based links with key partners and direct sales at their websites. proxicom helps build enterprise portals that exploit the capabilities of e - business by streamlining and driving out costs of automated processes, while allowing a company to improve the quality of contact with customers and partners .
jeffrey herzog, founder and chief executive officer of icrossing, says: “icrossing’s dna is in search, which represents consumer interest and intent. proxicom’s dna is in driving superior brand and user experiences. together, we are poised to define the next generation of digital marketing by creating experiences – whether they are through the web, mobile or emerging channels - that are driven by the consumer perspective. ”
internosis is funded by general atlantic partners, a leading private equity investment firm, and will continue to seek the firm' s strategic guidance as it grows both internally and through acquisitions. general atlantic partners has been integral to the success of local companies such as legent, proxicom, sra international and ztango as well as global companies including india - based patni and u. k. - based liberata .
last night, everything in the grill was on the house  free beer, free food and free cigars. the restaurant is
going to be a big draw ,
said raul fernandez, president of proxicom, an internet services company in reston .
we' ll use it to entertain guests and business clients. capital centre was tough to get to and from. this is a breeze .
a. there are a couple of different terms that i would use to describe the leadership style at proxicom. whether it' s called motivational, or leading by example, the real style is based on caring for our people and a commitment to success for our clients. no one is afraid to roll up their sleeves and dig in, regardless of what' s required to make our projects successful .
his company, which went public in april 1999, helps anchor northern virginia' s technology corridor. but as proxicom expands its operations overseas, it is wrestling with a reality of globalization that generates as much anxiety as enthusiasm in the united states. that is, shedding an exclusively american identity is as crucial to a company' s success as the quality of the goods or services it delivers to overseas clients .
second, we excel in our industry expertise. our industry specialists have decades of experience working in and consulting to the energy sector. strong upstream and downstream knowledge in oil and gas, along with unparalleled experience in electric power, natural gas and chemicals, means that proxicom understands their clients' businesses. we are able to hit the ground running to give clients competitive advantage essential for competing in today' s economy .
proxicom joins the ranks of local firms that are no longer locally controlled, such as dulles - based america online inc. , which merged with time warner inc. and now has a new york headquarters. long - distance carrier mci communications corp. was acquired by worldcom inc. , based in clinton, miss. , and herndon - based network solutions was folded into california - based verisign inc. last year .
company: proxicom, inc. , marina del rey, ca company description: an interactive agency specializing in delivering award - winning creative, advanced business strategies and complex software development across multiple industries. through online brand translation, custom web applications, and industry - specific solutions, we design usercentric experiences for organizations that immerse customers in their brands and drive them to action. nomination category: web sites nomination sub category: entertainment
proxicom' s shares hit a high of $ 63 in jan. 2000 - - giving it a market value of $ 3. 5 billion - - but the web design and consulting firm' s stock plummeted along with the rest of the internet - related sector, falling as low as $ 1. 81 on april 18. the share price started rising after that and closed trading yesterday at $ 4. 33 a share .
first of all, congratulations on all of your success... . wanna get married: - my question is two - fold. as someone who has much access to information, high powered ceo' s, etc. ; what type of companies - technologies appear to be the next proxicom' s, aol' s, etc? also, if you were an
average joe
, not already in your industry, what kind of online based service would you start ?
as part of the leadership team, it could mean participating in client workout sessions, providing one - on - one coaching for our client executives, or providing a little motivational support during a late evening or early morning for one of proxicom' s project teams. employees will look to their leaders to see how they conduct themselves and to validate the commitment to their success. we all did that as we worked our way up the management chain and we make sure as managers that we' re doing the right thing .
general atlantic partners sold about 1 million shares in the october, 1999, offering. it still owns more than 3. 4 million shares, most of which were purchased at prices ranging from $ 3. 27 to $ 6 a share. while connecticut - based general atlantic will profit from some of these shares, it won' t be the double - digit gains many venture capital companies became accustomed to in 1999. (the washington post co. , an early proxicom investor, sold its 60, 000 shares in the 1999 offering. )
fernandez, 34, recently made fortune magazine' s list of the richest people under 40. he has an estimated net worth of $ 287 million. he' s a former capitol hill staffer and is a ubiquitous presence at business networking and, lately, charity events. send in your questions about the local tech scene, the going public process and offering stock options to your employees (every proxicom employee is offered them). we will discuss his company and business - to - consumer electronic commerce internet sites, business - to - business electronic commerce extranets and company - specific intranets.
proxicom , inc. was an interactive agency that developed custom-tailored interactive and web-enabled solutions for global 1000 organizations . founded in 1991 by american entrepreneur and philanthropist raul fernandez ( entrepreneur ) , proxicom was one of the original interactive professional services organizations from the dot com era . proxicom provided services for a number of industries including : automotive , financial services , retail & consumer goods ( cpg ) , healthcare , technology & media , government , energy & utilities , and industrial materials & goods . 
proxicom, inc. was an interactive agency that developed custom-tailored interactive and web-enabled solutions for global 1000 organizations. founded in 1991 by american entrepreneur and philanthropist raul fernandez (entrepreneur), proxicom was one of the original interactive professional services organizations from the dot com era. proxicom provided services for a number of industries including: automotive, financial services, retail & consumer goods (cpg), healthcare, technology & media, government, energy & utilities, and industrial materials & goods.
proxicom, inc. was an interactive agency that developed custom-tailored interactive and web-enabled solutions for global 1000 organizations. founded in 1991 by american entrepreneur and philanthropist raul fernandez (entrepreneur), proxicom was one of the original interactive professional services organizations from the dot com era. proxicom provided services for a number of industries including: automotive, financial services, retail & consumer goods (cpg), healthcare, technology & media, government, energy & utilities, and industrial materials & goods.