RealTime IT News

Va Vroom! Vignette to Power Verizon's New Intranet

Vignette Corp. scored a major coup over its e-business competitors Thursday by signing on to ennervate Verizon Communications Inc.'s new corporate intranet.

Financial terms were not made public.

The huge firm, formed by the merger of Bell Atlantic and GTE Corp., chose Vignette's V/5 e-business Application Platform™ for its ability to consolidate several hundred existing internal Web sites on a common content management and personalization platform.

The portal will be available to Verizon's more than 200,000 employees, providing them access to business information, corporate news, applications and productivity tools.

"Verizon will have a site that is sophisticated and scalable without sacrificing the customization and integration capabilities needed to achieve their immediate and future goals," said Greg Peters, president and chief executive officer of Vignette.

The Vignette V/Series provides a proven, enterprise-ready architectural foundation that powers many of the largest and most successful e-business applications today.

It's also highly relied upon by businesses much smaller than Verizon, such as Winstar's Office.com and inc.com, who with the help of Vignette's products, tied for the best online business centers for the first half of 2000, as ranked by industry analyst Cahners In-Stat Group.

"Their technology enabled us to rapidly launch a rich feature set and today we are capable of making the continuous site improvements our users come to expect," said Brian Ballard, vice president of technology for inc.com.

In-Stat estimates the online business center field will grow from less than $200 million in annual revenues in 2000 to more than $1 billion by 2003.

In a gesture of good faith, and, no doubt, to maintain the 40 percent of its work force who went on strike, Verizon made good by issuing stock options to all of its employees last week. Workers below the manager level may buy 100 to 700 shares each, based on their rank. The options, priced at $43.34 a share, will vest in three years.