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  September 5, 2001
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Home > Company Index > Computer Software & Services > Internet & Intranet Software & Services > Telemate.Net Software, Inc.

Telemate.Net Software, Inc.
Nasdaq: TMNT
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 PROFILE
Are your Net-surfing employees looking for sales leads or job leads? Telemate.Net Software could tell you. The company develops software which enables businesses to monitor, manage, and analyze the use of their Internet, intranet, and telephone networks. With versions for large and small businesses, the software helps improve bandwidth allocation, network security, and employee productivity. About 65% of sales comes from support services such as installation and training. Hit hard by the suffering Internet market, in 2001 Telemate.Net announced plans to lay off about 60% of its workforce and agreed to be acquired by Verso Technologies. Founder and chairman David Couchman and his family own about 25% of the company.

 COMPETITION
Elron Electronic Industries Ltd. (ELRN)
NetIQ Corporation (NTIQ)
Websense, Inc. (WBSN)

 DEALS
Deal: Verso Technologies Acquires Telemate.Net
Date Announced: 05.07.01
Value of transaction (US $Mil): 30
Description: Business technology infrastructure solutions developer acquires proprietary internet access, voice and IP provider in a stock transaction valued at $30 million.

 TRACKERS
May 07, 2001 - LAYOFF TRACKER
90 laid off
Description: Eliminating redundancies in anticipation of its merger with Verso Technologies. Layoffs will occur over the next few months and will affect 60% of its staff.

More LAYOFF NEWS

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 10.70
1-Yr. Sales Growth: (17.7)%
Employees: 157
Revenue per employee: $68,152.87

 KEY PEOPLE
• Richard L. Mauro
    CEO
• Janet Van Pelt
    CFO

 CONTACT INFO
4250 Perimeter Park South, Ste. 200
Atlanta, GA 30341
US
Phone: 770-936-3700
Fax: 770-936-3710
Online: Web Site

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