EAI hotshot Software Technologies Corp claims it had a hand in the creation of rivals New Era of Networks Inc and Crossworlds Software Inc. CEO Jim Demetriades recently told messageq.com. In 1994 Neon was in the hospital software industry designing clinical information systems. They were venture backed by, amongst others, Venrock and I believe Terry Garnett, a partner at Venrock, was on their board. Rick Adams, the CEO of Neon came out to visit us in our offices to see why we were doing so well. We already had over 300 customers. He saw that hospitals, which were cash-constrained, needed this technology to integrate all the best-of-class applications that they had purchased. He realized that the banking industry needed a similar solution and changed Neon into a banking software company doing integration of applications. Then, his board member Terry Garnett saw that the ERP space needed similar technology and he and his wife started Crossroads/Crosssworlds. STC’s success has already attracted imitators. Other healthcare ISVs crossing into other verticals include Georgia company Healthdyne Information Enterprises.
