Private Business, Inc. - PBIZ- Profile

Private Business, Inc. provides integrated services and products that address the problems faced by community banks in managing accounts receivable financing provider to their small business customers. The company provides solutions to these problems are called Business Manager software, a windows-based software package. The company works with client banks to design, implement and manage the sale of Business Manager accounts receivable financing services to their small business customers. Business Manager allows banks to provide differentiated high margin financial services to their existing small business customers. The company also provides Technical Support, Field Support, Electronic Commerce Specialists, Bank Services and Reference Guides. The company became publicly held in May 1999. Royalties on software licenses accounted for 85% of 1999 revenues; software maintenance and other 10% and software license, 5%.