Exceeding Expectations - Steep Growth At Bonaire Software Solutions is Turning Heads.

Business/Technology Editors

BOSTON--(BUSINESS WIRE)--Feb. 27, 2001

With less than a year under their belt, the people of Bonaire Software Solutions are taking pause to compare business results to even their most aggressive initial expectations, and they like what they see. They are not alone. The Boston-based financial solutions integrator has produced some very solid results for their investors, and is attracting an increasingly compelling list of clients and partners as well.

"As a company, our focus has served us well," explains Christopher John, Bonaire's Principal and CEO. "We provide sophisticated technology consulting and development through a wealth of Financial Services expertise, and we do it well. Consider the fact that we opened our doors in March of 2000 and already our clients are some of the largest financial institutions in the business."

In its 10-month history, Bonaire's revenue has increased at a phenomenal pace of over 150% per quarter, and the company became profitable after only 5-months. During this time, Bonaire has built a client list that mirrors the "Who's-Who" of Financial Services, and most recently signed their first 7-Figure contract. All this, accomplished during a period in which start-up failures have become as common as the flurry of IPO's that once started them.

With growth comes expansion, and well ahead of schedule, Bonaire announced this month the opening of a satellite development facility in Randolph, MA. Bonaire Software Solutions COO, Kleber Gallardo states, "The explosive increase in our client base and project assignments has naturally required greater development staff resources, and our head count has subsequently been rising since inception. Between 18-20 development staff personnel will immediately move into the facility, which has the capacity to hold more than twice that number.

CEO, Christopher John states, "By revenue, profitability, staff growth, client roster, and every other meaningful measure, our first year has proven more successful than we could have reasonably predicted. All present indications are such that we expect our second year to be equally as impressive. The challenge will be to maintain our focus and manage our growth strategically and responsibly; a challenge I am confident we are prepared for."

About Bonaire Software Solutions, LLC 

Bonaire Software Solutions, LLC is a highly focused solutions integrator created with the single-minded purpose of designing and constructing a complete offering of customizable, cost effective core software modules capable of meeting almost any financial service or logistics industry need. Simply stated, Bonaire brings functionality to our clients Internet objectives through superior design and extensive business acumen. Poised to design, develop and implement our clients' projects and bring their vision to market with speed and precision, we add value through providing a staff of industry experts with years of experience in our respective core businesses. Our mission is to provide a single source for E-commerce Transactional Applications Consulting, Project Management, Software Development, and Infrastructure Support. Knowing the industry and its existing environment allows us to focus on the solution rather than spending valuable time getting up to speed on the business. For more information, please visit www.bonairesoft.com