| Business Summary | | CheckFree
Corporation
is
a
leading
provider
of
electronic
billing
and
payment
services.
The
Company
operates
its
business
through
three
independent
but
inter-related
divisions:
Electronic
Commerce,
Investment
Services,
and
Software.
The
Electronic
Commerce
business
provides
services
that
allow
consumers
to
receive
electronic
bills
through
the
Internet;
pay
any
bill,
electronic
or
paper,
to
anyone;
and
perform
customary
banking
transactions,
including
balance
inquiries,
transfers
between
accounts
and
on-line
statement
reconciliations.
The
Investment
Services
business
offers
portfolio
accounting
and
performance
measurement
services
to
investment
advisors,
brokerage
firms,
banks
and
insurance
companies
and
financial
planning
application
software
to
financial
planners.
The
Software
businesses
provide
electronic
commerce
and
financial
applications
software
and
services
for
businesses
and
financial
institutions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CKFR
provides
electronic
processing
services,
institutional
portfolio
management
services,
and
financial
application
software
for
financial
institutions
and
businesses.
For
the
fiscal
year
ended
6/30/01,
revenues
rose
40%
to
$433.3
million.
Net
loss
totalled
$363.1
million,
up
from
$32.3
million.
Revenues
reflect
additional
subscribers
in
the
Electronic
Commerce
segment.
Higher
loss
reflects
the
amortization
of
intangibles
related
to
the
TransPoint
acquisition. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Peter Kight, 44 Chairman
and CEO | $972K | -- | Peter Sinisgalli, 44 Pres | 936K | $7.2M | David Mangum, 34 Exec.
VP, CFO | -- | -- | Allen Shulman, 52 Exec.
VP, Gen. Counsel | -- | -- | Lynn Busing, 48 Exec.
VP | -- | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|