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Subject: Arbortext Generates 36% Growth in New Business in Q1 2004
Arbortext Generates 36% Growth in New Business in Q1 2004 Reports 11th Consecutive Quarter of Record Revenue on Growing Demand for Enterprise Publishing Software ANN ARBOR, Mich., May 6, 2004 – Arbortext, Inc., a leading provider of Enterprise Publishing Software, today reported its 11th consecutive record revenue quarter for the period ending March 31, 2004. The company has seen strong demand for its products in key industries such as life sciences, manufacturing, aerospace and publishing. Companies in these markets are tackling the challenges of regulatory compliance issues, enterprise collaboration initiatives, customer service enhancements and national security concerns. In addition, the market demand for eliminating the tremendous costs of creating and re-creating content for publishing is substantial. “Many companies today are just starting to realize that the amount of time and money their employees waste while creating and re-purposing content may be one of the biggest hidden costs they face,” said Joshua Duhl, Research Director, Content Management at IDC. “Arbortext’s Enterprise Publishing Software addresses this significant business problem.” “The growth we experienced during the first quarter was fueled by customers around the world embracing the new Arbortext Enterprise Publishing Software suite of products, now available with the recent release of Arbortext 5,” said Raymond P. Schiavone, President and CEO at Arbortext. “We are continuing to build our direct sales force, drive expansion programs into Asia Pacific, Latin America and Europe, and generate new sales channels. The combination of each of these efforts, along with our continued product leadership, means Arbortext is well-positioned for continued success.” First Quarter Highlights · Closed 11th consecutive quarter of record revenue · Reported double digit growth in every component of revenue, including licenses, maintenance and services · Posted 36% growth in new business bookings globally, including double-digit growth in each of North America, Europe and Asia Pacific. · Realized 38% growth in the company’s sales pipeline · Began shipping Arbortext 5, its newest software that enables organizations to create and publish large amounts of information to multiple audiences, in multiple languages, and to multiple electronic and hardcopy formats · Landed the company’s first ever order in China · Won significant orders from numerous key customers, including Toyota, McDougal Littell, Nortel Networks, Australian Department of Defense, Croner Publications, Guidant, AstraZeneca, Jane’s Information Group, Sikorsky Aircraft, US Government Printing Office, Hewlett-Packard, PeopleSoft, State of Idaho, Bechtel, Motorola, Grolier, Hampton University, Toro Company, and Pharmaceutical Press. · Received KM World’s “Top 100” for 2nd consecutive year About Arbortext Arbortext is a leading provider of Enterprise Publishing Software that enables organizations to create and automatically publish large amounts of information, such as technical manuals, pharmaceutical product information, legal information and software documentation. Enterprises around the world use our software to publish in multiple languages to multiple audiences in multiple hardcopy and electronic output formats. 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 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 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 www.arbortext.com. Contact: Beth Ambaruch, APR David Stone Arbortext, Inc. Ketchum +1 734.327.6014 +1 312.228.6967 bea@arbortext.com david.stone@ketchum.com Press room: http://www.arbortext.com/html/press_room.html
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