<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> 89,633,634 <SECURITIES> 2,018,060 <RECEIVABLES> 16,374,163 <ALLOWANCES> 568,344 <INVENTORY> 0 <CURRENT-ASSETS> 110,377,300 <PP&E> 4,587,816 <DEPRECIATION> 1,703,711 <TOTAL-ASSETS> 117,422,811 <CURRENT-LIABILITIES> 8,284,840 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 23,429 <OTHER-SE> 108,478,293 <TOTAL-LIABILITY-AND-EQUITY> 117,422,811 <SALES> 2,046,810 <TOTAL-REVENUES> 52,744,845 <CGS> 1,765,746 <TOTAL-COSTS> 27,464,672 <OTHER-EXPENSES> 26,418,039 <LOSS-PROVISION> 469,000 <INTEREST-EXPENSE> 157,210 <INCOME-PRETAX> (274,869) <INCOME-TAX> 682,497 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (957,366) <EPS-BASIC> (0.08) <EPS-DILUTED> (0.08)