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Subject: [announce] Arbortext Grows License Revenue 33% in Third Quarter
Arbortext Grows License Revenue 33% in Third Quarter Growth driven by new deals in life sciences; strong repeat business ANN ARBOR, Mich., November 19, 2002 -- Arbortext, Inc., the only global provider of XML-based multichannel software that enables the creation, editing and publishing of information to Web, print, CD-ROM and wireless from a single source of content today announced that it achieved 33% year-over-year growth in license revenue, resulting in record revenue for the quarter ending September 30, 2002. Many new customers supported this growth, including major pharmaceutical companies, large medical device manufacturers and government agencies. The continued growth and strong repeat business is driven by Arbortext’s ability to demonstrate ROI for its multichannel publishing software. New and additional business came from global customers including Cessna Aircraft, Infinium Software, MAN Nutzfahrzeuge AG, Maryland General Assembly and Motorola. ”It’s gratifying to see our success in the life sciences, defense and government industries,” said Raymond Schiavone, president and CEO of Arbortext. “Our customers understand the remarkable ROI potential Arbortext software provides, which include bringing new and revised products to market faster, complying with complex regulatory requirements and avoiding manufacturing delays.” Third Quarter Highlights · Arbortext announced its focus on the life sciences industry. Arbortext’ s Epic software provides the cornerstone for organizations to efficiently create, manage and publish new drug applications, product information, and written documentation of procedures that support the methods, facilities and controls used in the preparation, processing and packaging of pharmaceutical and medical products. · Epic version 4.3 was shipped. This version provides state-of-the-art advancements in authoring, publishing and applications development. · Arbortext was presented with Computerworld’s Innovative Technology 2002 award. This award recognizes excellence and innovation in technology applications for business operations that result in better business processes and reduced costs. About Arbortext Arbortext is the only global provider of XML-based multichannel software that enables the creation, editing and publishing of information to multiple media types – Web, print, CD-ROM, wireless – from a single source of content. Shipping since 1991, Arbortext’s standards-based software supports technical publishing, reference publishing and business publishing applications that enable enterprises to provide more accurate, cost-efficient, complete, timely, consistent and usable information on all media. Arbortext’s software is installed at over 300 large multinational organizations. Current customers include American Express Financial Services, Audi, Boeing, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM, International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Qantas, Ricoh, Sun Microsystems, United Airlines, Volkswagen, Volvo and West Group. Arbortext is a founding member and active participant in the XML Activity of the World Wide Web Consortium (W3C). Headquartered in Ann Arbor, Michigan, USA, Arbortext has offices around the world. For more information please visit http://www.arbortext.com. # # # Contact: Beth Ambaruch, APR Daylan Burlison Arbortextâ, Inc. Phase Two Strategies +1 734.327.6014 +1 212.530.7547 bea@arbortext.com dburlison@p2pr.com Press room: http://www.arbortext.com/html/press_room.html
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