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Software Business Bucks the Trend

Thursday, November 06, 2008

Press release from the issuing company

November 6, 2008 – Boston, Massachusetts and Appenzell, Switzerland – GMC Software Technology, the standard in personalized communication, today announced that in the middle of the world's current financial crisis, the company has reported a D&B credit rating of 1A1 and a D&B score of 99 out of 100.

"This is outstanding in an industry where the average score is only 36," commented the Company's Chief Financial Officer, Andreas Scherrer.

The Swiss-based company has been growing steadily since it was founded 15 years ago and now has offices around the world. "We have retained our independence and maintained sustained growth year on year, ensuring that all expansion was based on a strong financial foundation," he continued. "We have set a target of reaching a turnover of $100m by 2010 and even in the present climate we are confident this will still be achieved."

GMC Software Technology supplies personalization software for digital printing and multi-media correspondence for the direct mail, financial, utility, retail and telecommunication sectors. It is now largest independent software company in its sector. www.gmc.net.




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