Corporate Profile for ULTRADATA Corp., dated April 30, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: April 30, 1999
Company Name: ULTRADATA Corp.
Address: 5000 Franklin Drive
Pleasanton, CA 94588
Main Telephone
Number: 925/463-8356
Internet Home
Page Address
(URL) www.ultradata.com
Chief Executive
Officer: Robert J. Majteles
Chief Financial
Officer: Ronald H. Bissinger
Investor Relations
Contact: Ronald H. Bissinger
Business number: 925/463-8356 ext. 2248
Public Relations
Contact: Jan Wilgus
Business number: 925/463-8356 ext. 2418
Trading Symbol/
Exchange: NASDAQ:ULTD
Industry: Software developers for financial industry
-0- Company description: Since 1981, ULTRADATA has been providing information management solutions for relationship-oriented financial institutions. They have worked hard to build partnerships with their customers that are strong, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" . Their reputation is based on these relationships and they strive each day to maintain and improve that reputation by consistently providing superior products and services that not only meet, but exceed, their customers' expectations. Sales grew throughout the year, resulting in total software and services revenues for 1998 of $27.6 million and net income of $1.2 million in 1998. Further, their customer satisfaction levels increased to over 94% and they are well on their way to 100% customer satisfaction rates. Their gross margin levels increased to 49% in 1998 from 42% in 1997 and their cash more than doubled in comparison to 1997. They also introduced next-generation technology and service offerings and continued to build their sales channels in order to position themselves for even more new customer increases in 1999 and beyond. While relationships are their foundation, technology is the driving force behind all that is ULTRADATA. Quick and efficient is no longer enough to be the best in the industry. They recognize that the industry has shifted its focus from transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. to information management. This shift demands that next-generation technology be designed in an open environment. Once again, ULTRADATA has led the way in meeting the industry's demands by providing open solutions designed to address these needs. By focusing on the customer and their needs, ULTRADATA has been, and will continue to be, the premier provider of information management solutions for relationship-oriented financial solutions for today, tomorrow and far into the future. |
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