Arbortext Closes 2003 with Record Levels of Revenue, Profit and Cash Flow.Business Editors/High-Tech Writers ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--Feb. 5, 2004 Arbortext, Inc., the leading global provider of automated publishing software, today reported that it closed 2003 with record levels of revenue, profit and cash flow for the quarter ending December 31, 2003. This continued success reflects strong customer demand for its software and services for automated publishing applications. "The strength of our publishing software, combined with outstanding sales execution and an improving economy, made for a strong finish to 2003 and a healthy pipeline for 2004," said Raymond Schiavone, 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. for Arbortext. "Our publishing applications are being well-received by both new and long-standing customers such as SAP, Deere & Company, and DaimlerChrysler who are tackling the challenges of regulatory compliance issues, enterprise collaboration initiatives, customer service enhancements, and national security concerns." Fiscal Year Highlights -- Closed 2003 with 10th straight quarter of record revenue -- Posted 25% growth in new business bookings from North America, 30% growth in worldwide renewal maintenance bookings, and 44% growth in worldwide service bookings -- Reported 26% growth in deferred revenue -- Grew direct sales force by more than 50% -- Announced Arbortext 5, designed to make it easier for organizations to implement and deploy automated publishing systems, a critical component in many successful content management systems -- Won significant orders from numerous key customers, including the American Red Cross American Red Cross: see Red Cross. , Beckman Coulter, BMC Software, Calvert School, Computer Science Corporation, DaimlerChrysler, Deere & Company, Delta Technology, Ericsson Telecom, General Atomics, Guidant, Hewlett Packard, Hughes Supply, Japan Airlines, Kraft Foods, Lexmark International, Lockheed Martin Aeronautics, Motorola, NCCI NCCI National Council on Compensation Insurance (Boca Raton, FL) NCCI National Correct Coding Initiative NCCI National Company for Cooperative Insurance NCCI Namibian Chamber of Commerce and Industry Holdings, Northrup Grumman, SAP, State of Minnesota, The Toro Toro may refer to:
-- Named to AlwaysOn List of Top 100 Private Companies -- Received Seybold Seminars "Hot Pick" award for Arbortext 5 -- Received EContent Magazine's "Content 100" for 3rd consecutive year -- Named by Venture Reporter as one of top 25 private companies likely to go public About Arbortext Arbortext is the leading global provider of automated publishing software that enables organizations to provide more personalized, dynamic and easily searchable content for Web, mobile and print usage. Arbortext's software is installed at over 1,400 organizations worldwide. Current customers include American Express Financial Services, Audi, Boeing, Bombardier, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Ricoh, Sun Microsystems, Toyota, United Airlines, Volkswagen and Volvo. Arbortext is a founding member and active participant in the XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Activity of the World Wide Web Consortium (W3C (World Wide Web Consortium, www.w3.org) An international industry consortium founded in 1994 by Tim Berners-Lee to develop standards for the Web. It is hosted in the U.S. by the Computer Science and Artificial Intelligence Laboratory (CSAIL) at MIT (www.csail.mit.edu/index.php). ). Headquartered in Ann Arbor, Michigan  “Ann Arbor” redirects here. For other uses, see Ann Arbor (disambiguation). Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. , USA, Arbortext has offices around the world. For more information, please visit www.arbortext.com. |
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