Presentation to Highlight Business Model, Corporate and Financial Overview,
And Future Milestones
HOUSTON, Oct. 2 /PRNewswire/ -- DataCert, Inc., a leading provider of
legal e-billing and cost management services, announced that it will present
at The Capital Network Southwest Equity Capital Conference on Thursday,
October 3rd in Dallas, Texas. DataCert CEO and President Eric M. Elfman and
Vice President of Finance and Administration Alan J. Harding will discuss the
company's business model and provide a high-level financial and corporate
overview. The presentation will conclude with a short discussion on future
company milestones.
Founded in 1998 as Occam's Razors Technologies, DataCert, Inc. is the
largest and fastest growing supplier of e-billing and cost management
solutions for the legal industry. The company's products and services provide
a substantial return on investment to corporations looking to reduce outside
legal spending.
Originally, DataCert was established to move and standardize data such as
electronic invoices over the Internet. In nearly five years, the company has
quickly become the dominant leader in delivering electronic billing and cost
management services to corporate legal departments with 41 clients, including
29 Fortune 200 companies. DataCert also has a network of nearly 2,200 law
firm connections, including 88% of America's highest grossing law firms.
Examples of DataCert customers include GE, Microsoft, The Home Depot, UPS and
Waste Management.
DataCert sells its services in a "hub and spoke" model where a "hub" is
defined as a major corporation such as GE and Microsoft, which have many
smaller suppliers and partners ("spokes"), typically law firms. DataCert
targets sales and marketing efforts to hubs only, comprised primarily of
Fortune 2000 corporations. Hub clients then enforce the use of DataCert's
services by their spokes. Both hubs and spokes are responsible for recurring
subscription fees, thereby creating an ever-expanding recurring revenue base
to fuel DataCert's growth.
DataCert has completed three rounds of funding totaling $11 million since
January 2000 and intends to raise $15 million over the next 12 months. The
company plans to use the proceeds from its next financing round to accelerate
the growth of its business and replicate its product and service offerings in
other vertical markets.
DataCert is anticipating cash flow in the first quarter of 2003 and is
planning on releasing additional client-driven products to help businesses
share data and collaborate more seamlessly.
Visit DataCert at http://www.datacert.com for more information.
Contact: Jill Black, 713-572-3282, x 1047
DataCert, Inc.
Email: jill.black@datacert.com
SOURCE DataCert, Inc.
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Related links:
http://www.datacert.com
CONTACT:
Jill Black of DataCert, Inc.,
+1-713-572-3282, ext. 1047, or jill.black@datacert.com
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