Alloy Software Announces Strong Growth in 2007 Strengthens Position as a Leading Provider of Service and Asset Management Software Solutions
15 January 2008
2007 Growth Stimulated by Increased Demand for Alloy Navigator Product, New Client Engagements, and Global Channel Expansion
Nutley, NJ (January 15, 2008) - Alloy Software, Inc., a leading provider of service and asset management software solutions, today announced that it achieved strong overall corporate growth in 2007. The company saw a double-digit percentage growth in revenue during the 12-month period ending in December 2007. Key drivers for this growth included an increase in demand for the company's flagship Alloy Navigator product, a range of new client engagements, and an increase in worldwide presence via Alloy's reseller program.
Other key drivers for Alloy Software's 2007 growth included continued business with existing customers and increased customer adoption of Alloy Navigator across a variety of industries and vertical markets such as education, healthcare and manufacturing. New customers in 2007 included University of Central Florida, Makita USA, Inc., United Capital Markets, Inc., University of Pittsburgh – Drug Discovery Institute, Transcontinental Inc., Tower Bank, Atrium Staffing, OfficeCare LLC, EMCON Technologies, Waterloo Public Library, Innovation Place, Ossur, and Pan Pacific Hotels and Resorts.
"In 2007, Alloy Software witnessed extraordinary growth both internally – with a new office move and an expanded support staff – and externally through our increased client engagements," said Vladimir Vinogradsky, President and CEO at Alloy Software. "It was a record-breaking year and we are pleased to see such strong demand in the market for our products and services. We will continue to provide top notch support that our customers have come to expect, as they are the primary reason for our company's success."
In addition to new client engagements and the release of Alloy Navigator 5.2 and 5.3, 2007 was a year marked with industry accolades, awards and recognition for Alloy Software. In October, Alloy was ranked on the 25th Annual Software 500 list, which recognizes the world's foremost software and service providers. Two months later, in December, Alloy Software was presented with a 2007 Product of the Year Award from Customer Interaction Solutions Magazine. The award recognizes organizations for outstanding innovation, and honors them for their commitment to quality and excellence.
In 2007, Alloy Software witnessed more extensive multi-site implementations for its products within small and medium-sized businesses, including some of the most recognizable brand names in North America. Increased adoption of Alloy Navigator within key vertical markets also contributed to the company's growth. In addition, Alloy's presence across the globe is even greater as the company continued to strengthen its reseller program in 2007. Alloy products are distributed throughout the United Kingdom, Australia, Denmark, Italy, Poland, Russia and the United Arab Emirates.
"Based on our 2007 growth, we are extremely excited to see how this year develops for our company," said Paul Ille, Director of Technical Services at Alloy Software. "We have a number of unique plans in the pipeline for 2008, and we believe that it will be a record year once again."
Alloy Software 2007 Highlights:
- Alloy Navigator 5.2 release (February)
- Alloy Navigator 5.3 release (June)
- Enterprise Licensing Structure released (June)
- Named to Software 500 list from Software Magazine (October)
- Won Product of the Year Award from Customer Interaction Solutions Magazine (December)
About Alloy Software
Established in 2002, Alloy Software is a leading provider of service management, asset management, and network management software solutions that help organizations of all sizes automate IT operations. The company's flagship solution, Alloy Navigator, is a comprehensive IT service management solution based on industry principles. It includes a centralized service desk environment with integrated asset management, configuration management, and change management tools. Used worldwide, Alloy Navigator helps service and support organizations optimize IT resources, improve productivity and financial processes, ensure software license compliance and reduce costs. For more information contact Alloy Software at (973) 661-9700 or www.alloy-software.com.
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