Enterprise Software Installer Wins Texas Moot Corp Competition
As winner of the Texas round, Phurnace Software qualifies to receive a
year's office space in the Austin Technology Incubator and advancement to
the Global Moot Corp® Competition in Austin this May.
"Moot Corp has been such a great experience. Through the competition, I have
met advisors, investors, and even potential customers, as well as getting
top notch advice from some of the best people in town. The exposure has been
phenomenal. It's just the beginning for Phurnace, but I can't think of a
better way to start," said Daniel Nelson, President of Phurnace Software.
The dominant technology in enterprise web applications is Java 2, Enterprise
Edition, or J2EE. Phurnace Software automates J2EE configuration and
deployment, making Enterprise Applications simple to install and maintain.
Using their J2Install product, companies dramatically reduce deployment
times and configuration errors, allowing them to focus all their energies on
their product - not on how to install it.
Since J2Install can automate the deployment of code to multiple vendors, it
is ideally suited to mitigate the pain of deployment for its customers.
J2Install, supports BEA Systems’ Weblogic, and IBM’s Websphere. It will soon
support JBoss, and Oracle application servers. Combined, these vendors
represent 65% of the total available application server market.
"Our vision is to be the InstallShield of the Enterprise market," said
Nelson.
Phurnace Software is headed by Daniel Nelson, who is an original founder.
Nelson has ten years of experience in the software development industry,
eight of which are in senior management positions in Operations, Project
Management, and Quality Assurance. Nelson has spent the last six years
working specifically with J2EE technologies. Most of his work has been in
start up software companies such as Isochron Data, drkoop.com, NetObjects,
and SurfWatch Software. He will receive his MBA from the McCombs School of
Business in May 2006.
“Competitors this year were focusing on medical and computer technology,
which reflects the current trends of institutional venture investments,”
said Rob Adams, Director of the Moot Corp Program. “The judges had a tough
decision. All four teams represented companies with viable investment
potential.”
Phurnace Software beat out three other finalists in the Texas round of the
2006 competition:
• CleanLine Technologies
CleanLine Technologies is building the world’s first service designed to
filter the Internet as it enters the home for all devices plugged into the
broadband network. CleanLine's launch product will focus on parental control
over Internet content for gaming consoles and computers.
• Extension Eleven - Helping companies develop products that
customers love
Software companies face a never ending stream of trade-off decisions which
must be addressed: time-to-market, cost, quality, short-term vs. long-term
revenue and customer satisfaction. This hosted software solution encourages
customer collaboration in the prioritization of generational development and
simplifies the process of collecting and aggregating customer feedback.
• Remedy Diagnostics, Inc.
Remedy Diagnostics' mission is to improve human health through the
commercialization of innovative diagnostic imaging devices. Its initial
product, STAT DetectTM, is a 3-D imaging solution offering superior
performance for breast cancer detection. This pain-free test will reduce
health care costs, improve cash flow for physicians, revolutionize
preventive care for women and increase survival rates for cancer patients.
Moot Corp® simulates the process of raising venture capital. It is a unique
partnership that brings together MBAs and business leaders. The judges
function as an investment group seeking to reach consensus on the business
venture they would most likely fund.
The judges base their decision on the quality of the idea, the strength of
the management team and the clarity and persuasiveness of the written plan
and oral presentation.
The Texas Moot Corp® Competition is hosted by the McCombs School of Business
at The University of Texas at Austin. The Moot Corp Competition was the
first competition of its kind focused on entrepreneurship and is the oldest
operating inter-business school new-venture competition in the world. The
Global Moot Corp Competition is recognized as the Super Bowl of world
business-plan competition. For more on the Moot Corp Program, visit
www.mootcorp.org.
For more information about Phurnace Software, visit www.phurnace.com
Schedule of Events
Rules and Submission RequirementsAbout Moot Corp® History
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