Exstream Software Reports Thirty-Four Percent Growth in 2006
Press release from the issuing company
Exstream Software, Inc., today announced another banner year in 2006. The company reported a 34 percent increase in revenue over 2005, and over-achieved its monthly recurring revenue goals. The year was marked with many new major accounts in the worldwide markets Exstream serves, a Japanese version of its flagship Dialogue enterprise document automation software, and more significant industry awards and recognition. For the second consecutive year, Exstream was included among Deloitte’s Technology Fast 500; the company rose from #285 to #238 in Software Magazine’s Software 500 ranking; Boston-based Celent LLC, a leading insurance technology research and advisory firm, named Exstream a top provider in both its life/health and property/casualty document management reports; Exstream was named “Most Promising Company” by Billing World and OSS Today magazine; and Dialogue user, Baltimore Gas & Electric, won recognition for “Best Utility CRM Initiative” from the Utility Planning Network (UPN).
Exstream’s North American distribution operation exceeded expectations with a 76 percent increase in revenues for the financial services sector and an astonishing 144 percent growth in the communications and utilities industries. Exstream Software UK Limited grew revenues by 82 percent, leading the company’s international operations, and Exstream’s professional services business grew 51 percent in 2006. Additionally, Exstream achieved certification for Dialogue integration with SAP’s NetWeaver platform and entered into strategic partnerships with Fiserv Insurance Solutions, a leading provider of software and outsourcing services for the insurance industry, and Guidewire Software, a leading provider of modern technology solutions for property and casualty and workers’ compensation insurers.
Exstream also exceeded its goals in the area of new software innovation in 2006, preparing for the launch of Dialogue 6.0 and its ground-breaking new Dialogue solution for intelligent interactive documents in April of this year. Additionally, Exstream began construction of its new worldwide headquarters in Lexington, Kentucky, where it will relocate this year to accommodate the company’s explosive growth.
“We are proud of our accomplishments in 2006 and extremely optimistic about our opportunities for continued growth this year,” said Davis Marksbury, president and CEO of Exstream Software. “We believe Dialogue 6.0 and our new Dialogue solution for intelligent interactive documents—both planned for general availability in April—will change the technology landscape for enterprise document automation. The demand for our solutions worldwide is strong, and we look forward to the opportunities 2007 presents with great enthusiasm.”
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