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Home > Company Index > Computer Software & Services > Internet & Intranet Software & Services > CyberSource Corporation

CyberSource Corporation
Nasdaq: CYBS
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 NEWS FROM THE WIRES
CyberSource posts 2Q loss, cuts workforce by 15 percent
Jul 17 2001 02:15 PM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Minding the E-Store
May 28 2001 12:00 AM PDT

Gateway to High-Tech Heaven?
Aug 07 2000 12:00 AM PDT

Portal Partnerships Fuel Software.net's Splashy IPO
Jun 18 1998 12:00 AM PDT

 PROFILE
CyberSource can cover your back. The company provides online commerce transaction services (67% of sales) including electronic payments, credit card authorization, risk management, gift certificate issuance and redemption, and tax calculation. The company also offers fraud prediction and payment systems management software, as well as consulting and other related professional support. Clients include Ford, the Home Depot, and Nike. Cybersource is using acquisitions to expand its product depth. The company was begun by tech entrepreneur William McKiernan before he founded Web PC software seller Beyond.com. McKiernan (chairman and CEO) owns 13% of CyberSource; Paul Allen's Vulcan Ventures also owns a small stake.

 COMPETITION
CheckFree Corporation (CKFR)
Sterling Commerce, Inc. (dossier)
VeriSign, Inc. (VRSN)

 DEALS
Deal: CyberSource Enters Partnership With Register.com
Date Announced: 02.26.01
Value of transaction (US $Mil): 0
Description: CyberSource, an e-commerce transaction services company, and domain registry site Register.com will come together to provide e-commerce services and domain registry to customers from a co-branded Web site.

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 TRACKERS
Jul. 17, 2001 - LAYOFF TRACKER
50 laid off
Description: Layoffs represent 15% of its workforce.

Apr. 03, 2001 - LAYOFF TRACKER
38 laid off
Description: Reorganizing due to current market conditions. Eliminating positions in its sales and professional services groups. Layoffs represent 11% of its staff.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 29.90
1-Yr. Sales Growth: 131.8%
Employees: 448
Revenue per employee: $66,741.07

 KEY PEOPLE
• William S. McKiernan
    CEO
• James R. Buckley
    CFO

 CONTACT INFO
1295 Charleston Rd.
Mountain View, CA 94043
US
Phone: 650-965-6000
Fax: 650-625-9145
Online: Web Site

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