Revenue up 169% in First Half of 2008 vs. Same Period in 2007;
EBITDA at 23%
CAMBRIDGE, Mass. — July 30, 2008 — alfabet group, a leading software provider in strategic IT planning and enterprise architecture management, today announced record results for the first half of 2008.
alfabet enables companies to strategically plan and manage information technology to realize business goals. Its planningIT software is unique in tightly coupling business priorities and IT deliverables with current and future initiatives while giving transparency to the associated change impacts.
Revenue was up 169% for the first six months of the year vs. the same period in 2007. This represents a total year-on-year growth of 123% for the last twelve months. In addition, the company posted EBITDA of 23% for the first six months.
“We are delighted with the first half year results and continued strong growth in demand for our solution,” said Erik Masing, CEO and founder of alfabet. “Our approach to enterprise architecture resonates with the growing desire to manage IT change more strategically and effectively for the business. Companies have come to realize that change management in IT – just like in other areas such as supply chain management – is a continuous process and needs to be supported enterprise-wide with viable information management systems. For the remainder of this year we plan to continue expanding our customer base as well as our partner network and solidify our leadership position in the strategic IT planning and management space.”
Other company highlights for the year to date included the following:
• Completed transactions with 40 new and existing customers including The Hartford (USA), BMW (Germany), Credit Suisse (USA, Switzerland) Evonik (Germany), Itella (Finland) and RAG (Germany).
• Announced planningIT 4.0 for enterprise architecture planning and management in April. The latest version includes several major innovations and out-of-the-box support for workflow, milestone tracking and blueprint planning to help companies plan and manage their IT more strategically and efficiently.
• Increased US sales coverage to include Midwest and West Coast.
• ABeam Consulting, Sybase and Logica joined alfabet’s partner network.
• alfabet led in all major product studies and market analyst reviews:
o alfabet topped competitors in a comprehensive study of enterprise architecture products by Technical University of Munich based on comparative product tests of 13 vendors.
o alfabet was positioned in the leader’s quadrant for Enterprise Architecture Tools Magic Quadrant by Gartner, Inc.
o Forrester Research, Inc. recognized alfabet’s planningIT solution as the most advanced solution for EA roadmapping.
o European Tech Tour Association named alphabet one of the top 25 most promising technology companies in Germany.
About alfabet (www.alfabet.com)
alfabet enables companies to see, analyze, control and align IT initiatives with business priorities continuously. Its planningIT® software is unique in tightly coupling business priorities and IT returns with current and future initiatives. Competitive point solutions offer modeling or repository functions with a static view of priorities, architecture and infrastructure. alfabet provides a holistic, integrated and collaborative approach that offers continuous transparency into how IT and business information, processes and roles are changing and need to be managed over time.
The company serves a global user community of 16,000 IT professionals in more than 40 countries in a variety of industries, including automotive, financial services, telecommunications, logistics, high-tech and others. Its customers include international corporations such as AMB Generali, AXA Winterthur, BP, Daimler, Deloitte, Porsche and T-Systems. Founded in 1997, alfabet is global company with dedicated presences in Europe, the US and Asia Pacific. Its U.S. headquarters is in Cambridge, Mass.
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For Additional Information
Contact:
Elyse Familant
GCC, Inc.
978-725-3637
