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Subject: Arbortext Reports 53% Revenue Growth for the 1st Quarter
Arbortext Reports 53% Revenue Growth for the 1st Quarter IDC Identifies Arbortext a Leader in New Dynamic Enterprise Publishing Software Market ANN ARBOR, Michigan, May 2, 2005 -- Arbortext, the leading provider of enterprise publishing software, today announced its 15th consecutive quarter of record revenue, reporting 53% revenue growth for the 1st quarter of 2005. The company's continuing success is fueled by the growing demand of organizations to automate the assembly and publishing of information. Enterprise publishing represents the next generation in traditional desktop publishing and word processing software. It enables companies to create information as components, and then use them as building blocks for larger documents. Once implemented, information is more accurate, timely and better tailored to the specific needs of the audience, even an audience of one. Arbortext software enables organizations to implement a publishing strategy that addresses these demands. In March 2005, IDC identified Arbortext as a leader in its "Worldwide Dynamic Publishing Software Market, 2004-2009" study, which represents the first time a major analyst firm has formally recognized and sized this fast-growing market, its key players, and the products offered. Raymond Schiavone, Arbortext's President and CEO, said, "Our focus this year is to grow sales through worldwide channel expansion, continue product innovation through vertically-focused enterprise publishing applications, and expand market leadership through aggressive sales and marketing programs. The combination of each of these efforts means Arbortext is well positioned for continued success." First Quarter Highlights * Identified as a leader by IDC in newly-recognized dynamic enterprise publishing market * Closed 15th consecutive quarter of record revenue * Reported over 45% growth in every component of revenue, including licenses, maintenance and services * Posted 65% growth in bookings globally * Signed strategic partnerships with Fuji Xerox (Japan), T-Systems (Germany) and HP (Singapore) * Won significant orders from numerous customers, including AAI Services Corporation, Canadian Departments of Finance and Justice, GlaxoSmithKline, Guidant, Havelsan, Northrop Grumman, Sankyo Co. Ltd, Taisho Pharmaceutical Co. Ltd, Toyota, TnQ, Tusas Aerospace Industries and UCG. * Awarded "Top 100 Companies to Watch in Knowledge Management" by KM World. * Joined XBRL (eXtensible Business Reporting Language) International Consortium, a worldwide group of organizations and agencies dedicated to developing XBRL * Appointed Michael McGrath as Country Manager for Australia/New Zealand About Arbortext (www.arbortext.com) Arbortext is the leading provider of enterprise publishing software that automates the assembly and publishing of information, helping companies to improve authoring productivity; reduce authoring, translation and publishing costs; enhance information quality; and speed time-to-market of new and improved products. Companies around the world use our software to publish in multiple languages to multiple audiences in multiple hardcopy and electronic output formats. Arbortext software is installed at over 1,700 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, Oracle, 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. # # # # Contact: Beth Ambaruch, APR Arbortext, Inc. +1 734.327.6014 bea@arbortext.com Press room: http://www.arbortext.com/html/press_room.html
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