Gartner Research

Extricity Files S-1

Published: 24 May 2000

ID: G00191035

Analyst(s): Kimberly Knickle

Summary

Last week, Extricity filed its S-1 in anticipation of going public in the upcoming months. Despite its fairly visionary beginnings of recognizing the value of processes across an integrated partner network, Extricity's financials reveal a slow growth path just like many of its competitors. In the year ending March 31 1999, Extricity's revenue was only $3M, with just over $9M in its most recent fiscal year ending March 31 2000. In comparison, vendors, like Vitria and Active, were seeing revenue of over $7M in 1998 and $31.5 and $27.4M respectively, just last year in 1999. Perhaps Extricity's numbers are better compared to WebMethods, which had revenue of $4.5M in its fiscal year ending March 31 1999. Still Extricity's numbers are weak. WebMethods' revenue for its year ending March 31, 2000 was $23M.

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