APRIL 29, 2008 TARGET PRICE: $1.76 RATING: SPECULATIVE BUY
COMPANY OVERVIEW
EnterConnect Inc. (OTCBB: ECNI) is an early stage software and services company headquartered in San Jose, California. This Silicon Valley Company operates in one of the fastest growing markets, Software-as-a-Service (SaaS), also known as the on-demand market. ECNI provides portals that enable employees, existing/prospective partners and customers, and other stakeholders to securely connect, communicate, and collaborate online at anytime, from anywhere.
ECNI, the pioneer in enterprise-class SaaS portals, is the first company to provide scalable, business-ready, self-service portal solutions for employees, partners, and customers and an online collaborative SaaS marketplace that brings together global SaaS buyers and “best-of-breed” SaaS providers to drive business, on demand.
ECNI offers out-of-the-box portal solutions through the SaaS model that are user-friendly and economical to deploy. The Company targets the underserved market of mid-sized companies who cannot afford expensive software packages and now demand software and services that provide rapid time-to-value between development and production with limited, if any, technical resource requirements; personalization to meet unique branding and usability requirements; scalability and adaptability to meet changing needs; and economical offerings that align with available budgets. The mid-market consists of nearly eight million companies worldwide with revenues between $100 million and $1 billion U.S. dollars. To tap this huge, underserved market, ECNI has launched the company’s next-generation EnterConnect® Portal Platform along with the proprietary, EnterConnect® - Business OnDemand™ solutions. To further penetrate the mid-market, the company launched SOAapps.com—the first Software-as-a-Service marketplace where business executives seeking enterprise-class, subscription-based solutions can find, try and subscribe to best-of-breed SaaS solutions.
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