Excerpt from: Technology Investors
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| August 16, 2006 | | Leader in Nonstop Data Mobility™ software solutions achieves fifth straight quarter of positive earnings | |
Softek, the provider of Nonstop Data Mobility™ software that enables a simple
and unified approach to moving live data over any distance, regardless of
server platform or storage array vendor, announced that it posted first
quarter total revenue growth over the prior-year same period. Revenues
from Softek’s line of open systems Nonstop Data Mobility™ solutions increased
63% on a year-over-year basis. The company also achieved its fifth
straight quarter of positive earnings before interest, taxes, depreciation and
amortization (EBITDA). Recurring maintenance revenue from Softek’s
traditional line of mobility solutions remained steady at 95 percent.
Softek was the most frequently cited privately-held developer vendor of
Online Data Migration Software/Data Mobility Software products, and second only
to Symantec Corp among all cited independent software vendors (ISVs), in a study
of storage professionals at U.S. Fortune 1000 and European companies by The
InfoPro, a New York-based independent research network and leading supplier of
market intelligence for the Information Technology industry.
Softek is an Updata Partners portfolio company. | | |
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