Softek Reports Continued Revenue Growth and Positive EBITDA in Fiscal Q3 With Nonstop Data Mobility(TM) Solutions.Record Revenue Led by Strong Sales of Newly Released Solutions VIENNA, Va. -- Softek[R] Storage Solutions, the leader in Nonstop Data Mobility[TM] software solutions, today announced record revenue for its portfolio of data migration, data replication and disaster recovery software products during the Company's 2007 third fiscal quarter, ending December 31, 2006. Softek posted quarterly revenue growth of 24 percent over the prior-year same period, and 15 percent over the previous quarter. The Company also achieved its seventh straight quarter of positive earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
"Softek is driving its solid growth in new license revenue from our newly released Nonstop Data Mobility solutions along with steady customer renewals worldwide," said Steven Murphy, 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. , at Softek. "We are seeing significant momentum in our new Transparent Data Migration Facility (TDMF TDMF Transparent Data Migration Facility TDMF Time Division Matrix Function [TM]) products for open systems and Logical Data Migration Facility (LDMF LDMF Logical Data Migration Facility [TM]) for the mainframe, specifically where we bundle it with our market leader, TDMF z/OS. Third quarter results included a multi-million dollar, enterprise-wide LDMF deal at a major insurance company and a strategic open systems transaction at a major European telecommunications company, all coupled with a layer of services to achieve fast Return on Assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). (ROA ROA See: Return on assets ROA See: Right of accumulation ROA See return on assets (ROA). ) of our solutions. These types of transactions show that we are gaining traction and market acceptance for our newer solutions, especially when combined with services through our partners. This is the model for further growth in 2007." Third Quarter Highlights * Ranked as The No. 1 Privately-Held Developer of Data Mobility Software in a semi-annual survey of 250 top storage professionals at Fortune 1000 and major European IT organizations by TheInfoPro, an independent research network. * Secured a Joint Development Agreement with Enigma Storage Systems, an innovative European storage software developer. Enigma storage solutions are used by companies worldwide as a centralized storage management platform for maintaining highly complex storage subsystems, including large SYSPLEX (SYStem comPLEX) The multiprocessing capability in IBM MVS/ESA and OS/390 mainframes. Introduced with MVS/ESA 4.3 in 1991, it enables the linking of multiple system images within multiple machines and treating them all as a single image. and GDPS GDPS Geographically Dispersed Parallel Sysplex (IBM) GDPS Global Data Processing System GDPS Ground Data Processing System implementations. * Selected by leading transportation company as its standard tool and methodology for data migration across multiple platform environments (Windows, Unix, and z/OS). * Introduced New Version of TDMF z/OS, its flagship product for the mainframe, with new add-on modules that enhance the functionality, convenience and value of the product. About Softek Softek's Nonstop Data Mobility[TM] offerings provide a simple, unified solution to moving data without disruption within the enterprise environment -- a critical component to IT operational practice -- and work on any storage, any platform and over any distance with zero downtime or performance impact. Integrate Softek's Nonstop Data Mobility solutions into your IT architecture and you will improve your ability to keep data online, mitigate risk of data loss or corruption, reduce costs, manage data across mixed environments, and optimize storage while still meeting all business continuity requirements. The industry leader in host-based data migration, moving over 40 petabytes for Fortune 1000 companies since 1996, Softek Storage Solutions Corporation is an independent software company based in Northern Virginia. Global partners include EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Fujitsu, HDS, HP, IBM, and Sun, in addition to distributors and resellers worldwide. For further information, visit www.softek.com. Softek is a registered trademark, and Nonstop Data Mobility and TDMF are trademarks, of Softek Storage Solutions Corp. LDMF is a trademark of Softek Storage Solutions Corp. and EMC Corp. All other products, services and company names mentioned herein may be trademarks of their respective owners. |
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