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Home > Company Index > Diversified Services > Miscellaneous Business Services > iXL Enterprises, Inc.

iXL Enterprises, Inc.
Nasdaq: IIXL
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 NEWS FROM THE WIRES
Internet M&A sags in July, may rebound in Sept.
Aug 01 2001 11:20 AM PDT

Scient and iXL to merge in all-stock deal
Jul 31 2001 05:15 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Viant Reports 2nd-Quarter Loss
Aug 07 2001 12:03 PM PDT

Scient/iXL Combination Still Faces Tough Going
Aug 03 2001 11:35 AM PDT

Dot-Com Deaths May Be Tailing Off
Aug 01 2001 03:21 PM PDT

Scient and iXL to Merge
Jul 31 2001 04:54 PM PDT

Scient to Merge With IXL
Jul 31 2001 07:57 AM PDT

 PROFILE
iXL Enterprises wants to help its clients turn pixels into profits. The company is one of the leading Web development firms offering such services as strategic consulting, Web site design, and application integration. It focuses on large clients in the financial services, retail goods, manufacturing, and travel industries, such as British Airways, FleetBoston, and General Electric. iXL also has some stakes in small startups, including 49% of Pro Act Technologies (formerly Consumer Financial Network). The company has had to endure massive restructuring following the downturn in the Internet market in 2000; it cut its staff by some 1,400 and closed nearly half its offices. The next year iXL agreed to merge with rival Scient.

 COMPETITION
AGENCY.COM Ltd. (ACOM)
Razorfish, Inc. (RAZF)
Sapient Corporation (SAPE)

 DEALS
Deal: Scient and iXL Enterprises Merge
Date Announced: 07.31.01
Value of transaction (US $Mil): Not Disclosed
Description: The two consulting firms will become subsidiaries of a new parent company that will operate under the Scient name. The all-stock transaction allows shareholders of Scient to receive 0.31 shares of the new company for every share held, likewise, shareholders of iXL get 0.25 shares.

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 TRACKERS
May 09, 2001 - LAYOFF TRACKER
300 laid off
Description: Expecting the reduction in staff to be temporary and plannning to recruit for other positions in the near future. Layoffs mostly affect Web building positions.

Nov. 28, 2000 - LAYOFF TRACKER
850 laid off
Description: Eliminating approximately 35% of its workforce to focus on serving larger clients and on three industry segments: financial services, travel and retail/consumer packaged goods.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 359.30
1-Yr. Sales Growth: 64.6%
Employees: 1,500
Revenue per employee: $239,533.33

 KEY PEOPLE
• Christopher M. Formant
    CEO
• Michael J. Casey
    CFO

 CONTACT INFO
1600 Peachtree St. NW
Atlanta, GA 30309
US
Phone: 404-279-1000
Fax: 404-279-3801
Online: Web Site

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