Openroute Networks, Inc. - OPEN- Profile

OpenROUTE Networks, Inc., formerly known as Proteon, Inc. develops, markets and supports networking products which are used in the internet access and networking. Token Ring and Ethernet network adapter cards are the major products of the company which connects all the local area network operating systems. Customers of the company include global 1000 multinationals, internet service providers and corporations looking to the internet to grow their business. The company has international operations in Europe and the Far East. International operations accounted for 30.9% of 1998 revenues. The company expensed $340,000 towards year 2000 expenses in 1998. Networking equipment accounted for 73% of 1998 revenues; technical support service and other, 16% and software licensing, 11%.