Push technology pioneer Pointcast has begun a search for a chief executive to take the company public in the near future.
The current CEO, Chris Hassett, will remain as chairman but will focus on "vision" rather than day to day operations, said the company at a press conference this week. Investment analysts said Hassett had been successful in the start-up phase and the move was almost certainly a precursor to an IPO soon, at a time when push software is in vogue among technology investors.
Pointcast has hired David Bierne, a well known headhunter who recruited Netscape's chief executive Jim Barksdale, to find their new head.
The company has also released a beta version of its Pointcast 2.0 software. This is faster than its predecessor, Hassett claimed, and uses 55 per cent less bandwidth. Along with this client product, a version tailored to corporates - Corporate Broadcast Solution - was previewed, and a standalone animation tool, Studio.
Other new features include native 32-bit support, an open platform to support Webcasts and Extranet broadcasts and the ability to update one channel at a time. These were the main areas where users had requested product changes, claimed vice president of marketing, Jaleh Bisharat.
Public beta versions of all three products are available on the company's Web site and the final release should be available in the next few weeks.
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