Aelita Software Achieves Record Revenue in Third Quarter; 267 Percent Increase in Sales Fueled by Aggressive Product Rollout Schedule.Business Editors, High Tech Writers COLUMBUS, Ohio--(BUSINESS WIRE)--Oct. 23, 2000 Aelita Software, which provides award-winning Microsoft-centric products to Fortune 1000 companies worldwide, today announced record revenue for the third quarter of 2000. The privately-held company posted a 267 percent increase in revenue over the same period last year. August marked the third best sales month in company history, while the company had its best month ever in September, posting a 194 percent increase over sales in September, 1999. The company attributes its growth to the successful introduction of new products that support Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. 2000, increased marketing, and the growth of International sales. The company has tripled its sales force since January and added resellers in Europe to strengthen its presence there. "Our strategy is to leverage our technology and experience to allow massive networks to migrate technologies without disrupting operations," said Aelita President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ratmir Timashev. "We migrate, recover and secure large enterprise networks better than anyone." Timashev said Aelita, which is on pace to more than triple its revenues this year, is currently tracking trends that could accelerate the company's growth in the next two quarters. "We see three trends driving our short-term growth: increased adoption of Windows 2000, the move to consolidate servers among Fortune 1000 companies, and migration to Microsoft Exchange Messaging and groupware software for Windows from Microsoft. Exchange Server is an Internet-compliant e-mail system that runs under Windows NT/2000 and Windows Server 2003. It can be accessed by Web browsers, the Exchange client, versions of Outlook and the earlier Windows Inbox. 2000. We are uniquely positioned to capitalize on all three trends." Domestic sales highlights for the quarter included Unisys, PriceWaterhouse Coopers, LLP LLP - Lower Layer Protocol , J.D. Edwards & Company, T. Rowe Price T. Rowe Price (NASDAQ: TROW) is an independent global investment management firm and mutual fund manager based in Baltimore, Maryland. It was founded in 1937 by Thomas Rowe Price, Jr.. T. , Chase Investment Services Group, Siemens Building Technologies, Federal Reserve Bank of Richmond The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia . It covers the District of Columbia, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia. , Caterpillar Financial Services and Netigy Corporation. International sales also boomed with accounts like Kantonalbank Ontario Power Generator, Emirates Telecommunications Corporation, Bank of New Zealand Bank of New Zealand (BNZ) is one of New Zealand's largest banks. The first branch opened in Dunedin on 2 December 1861. BNZ is now owned by National Australia Bank. For a large part of New Zealand's history the banking industry was divided between Trading and Savings Banks. , Pacific Power, Xircom Europe and Qantas Airways BETTER PRODUCTS TO MARKET FASTER "Our strategy is to build a company that gets better Microsoft-centric products to market faster," continued Timashev. "Seven of 10 Aelita employees are involved in development, allowing us to roll out three version upgrades and launch our Server Consolidation Wizard, all within the third quarter." The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , headquartered in Powell, Ohio, is currently discussing an initial round of funding with several venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . The funds will allow Aelita to expand its sales and marketing efforts. About Aelita Software Aelita Software provides a comprehensive set of enterprise network management tools that deliver improved control, usability, and security. Focusing on the Microsoft platform, Aelita has fully developed solutions for Windows 2000 migration and domain reconfiguration, directory management, security analysis, systems monitoring, and configuration recovery. The company also provides consulting and software development services for Microsoft enterprise networks. Aelita Software is headquartered in Powell, Ohio and can be reached at (800) 263-0036. The company is on the World Wide Web at www.aelita.com. |
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