Visionael Corp.

Location: 410 Cambridge Ave., Palo Alto, Calif. 94306

Telephone: (650) 470-8920

Web: www.visionael.com

The technology: Network hardware asset management

Why it's worth watching: Product helps with planning new networks and maximizing use of existing networks

Company officer: Marc Jones, president and CEO

Milestones: 1997: Company founded January 2000: Acquired NetSuite Development Corp.

Employees: 100

Burn money: $21 million; investors include VantagePoint Venture Partners, GE Equity Capital Group, and Capital Communications

Product: Visionael 5.1

Customers: The Chase Manhattan Corp., Lehman Brothers Holdings Inc., Lucent Technologies Inc., AT&T Global Services, Convergent Communications Inc.

Partners: Hewlett-Packard Co., Cabletron Systems Inc., IBM, Oracle Corp., Cisco Systems, Remedy Corp., Sybase Inc.

Red flags for IT: Risk-averse IT departments will want the reassurance of a brand-name partner to guarantee the longevity of this system. If one of the large networking companies enters the market, Visionael could be crushed. Outsourcing network functions could be more cost-effective and eliminate many headaches.

Copyright © 2000 IDG Communications, Inc.

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