Former Andersen Accountant Hits the Web - Big Time!
Accountants have a certain knack for analyzing a situation a bit better than the rest of the world based on their training and inert ability to see the fine points. Take Gregory Peters. He saw the forest through the trees and is making a lot of money profiting from making the Web work.
Peters has taken his Austin, TX-based company called Vignette and propelled it to more than $25 million in sales. While other companies were focused on making the Web work for them to enact e-commerce, Peters concentrated on providing companies with the software that enabled the transaction.
As a result, sales have risen 50 percent or more for each quarter following a very successful IPO two years ago.
Vignette software can, for example, create "search and grab" functions for Web sites in which users must make a choice and keep that choice for a transaction just a few clicks away. Vignette packages typically cost $1 million or more based on components.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.