Aprisma Achieves Record Profitability
19 Enero 2005 - 8:09AM
PR Newswire (US)
Aprisma Achieves Record Profitability 2004 Revenues Exceed $43
Million -- Adding New Customers and Delivering New Products
PORTSMOUTH, N.H., Jan. 19 /PRNewswire/ -- Aprisma Management
Technologies, Inc., a Gores Technology Group, LLC Company, today
announced Q4 2004 financial results exceeded revenue and profit
objectives for the eighth consecutive quarter. Total revenue for
2004 was approximately $43 million, with strong profitability and
positive free cash flow. Aprisma added over 80 new customers in
2004 while delivering four new products for Business Service
Management, Asset/Availability Reporting, Secure System/Application
Management and Problem Management. "Aprisma is an example of the
model for successful software companies going forward," said Mike
Fabiaschi, President and CEO of Aprisma Management Technologies.
"We are growing faster than industry averages by delivering on our
promises -- on time, on budget -- with practical, achievable, rapid
time to value solutions for managing IT infrastructure as a
business service. There is nothing more important than our
customers, and we will earn the right to their business every day."
Aprisma highlights for the fourth quarter of 2004 include: -- The
recently introduced SPECTRUM(R) Business Service Intelligence(TM)
(BSI) Solution is being very well received by both existing and
prospective customers as it delivers cost-effective, integrated
business service management (BSM), performance reporting,
application response time monitoring, system management, and
network management. -- Three new customer testimonials from Berlin
University, CC CompuNet, and Domodedovo International Airport
detail their partnerships with Aprisma and the benefits of
SPECTRUM's use in their environments. -- New Energy customer
Exelon. -- New Financial Services customers include Caja Madrid,
Central Bank of Russia, Scottrade, and USAA. -- New Government
projects for the quarter at ANA Portugal, CTNOSC, International
Broadcasting Bureau, Ireland Department of Finance, STNOSC, and
Taiwan Tobacco & Liquor. -- New Healthcare customers include
Amgen, Glaxo Smith Kline, and SUNY Stony Brook Hospital. -- New
Service Provider customers include CapRock Communications, EDS
Poland, Garanti Technology, Nortel, Prime Business Solutions, QSC
Solutions, T-Com Managed Services, Telefonica Empresas and
T-Systems. On January 10, 2005, Concord Communications, Inc.
(NASDAQ:CCRD), a global provider of Business Service Management
(BSM) software solutions, announced that it has signed a definitive
agreement to acquire privately-held Aprisma Management
Technologies, Inc., from Gores Technology Group, LLC, for
approximately $93 million in cash. The acquisition is subject to
customary closing conditions and is expected to close in the first
quarter of 2005. About Aprisma Management Technologies As the
leader in Service Level Intelligence(TM) solutions, Aprisma's
SPECTRUM(R) software manages the health and performance of networks
and the business services that rely on them. With over 10 years
experience delivering rapid return on investment for over 1,000
leading companies in more than 40 countries, SPECTRUM solutions are
delivered on time and on budget. Over $500 million has been
invested to date in the research and development of the SPECTRUM
software suite, and an intellectual property portfolio of over 100
patents serves as evidence of Aprisma's continual innovation and
industry thought leadership. The company's culture is centered on
the principle "There is nothing more important than our customers"
to strengthen the knowledge, trust and respect customers gain from
a relationship with Aprisma. Additional information on SPECTRUM and
related Aprisma solutions is available at http://www.aprisma.com/.
About Gores Technology Group Gores Technology Group, LLC ("Gores")
is a private investment firm focused on the technology,
telecommunications, and business services sectors. Since 1987,
Gores has amassed an enviable track record of successful
investments within these sectors. The firm combines the seasoned M
& A team of a traditional financial buyer with the operational
expertise and detailed due diligence capabilities of a strategic
buyer. Gores has a long standing record of creating sustainable
value in its portfolio companies by focusing on customers and
employees, supporting management with operational expertise, and
providing the capital required for growth. Headquartered in Los
Angeles, California, Gores maintains offices in Boulder, Colorado;
London; and Zurich. (http://www.gores.com/) Forward-Looking
Statements Any statements contained in this press release that do
not describe historical facts may constitute forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Any forward- looking statements
contained herein are based on current expectations, but are subject
to a number of risks and uncertainties. The factors that could
cause actual future results to differ materially from the
forward-looking statements include the following: fluctuations in
customer demand, the Company's ability to manage its growth
(including the ability to hire sufficient sales and technical
personnel), the risks associated with the expansion of the
Company's distribution channels, the risk of new product
introductions and customer acceptance of new products, the rapid
technological change which characterizes the Company's markets, the
risks associated with competition, the risks associated with
international sales as the Company expands its markets, and the
ability of the Company to compete successfully in the future.
Aprisma and Gores undertake no obligation to update information
contained in this release. SPECTRUM is a registered trademark of
Aprisma Management Technologies. All other trademarks are the
property of their respective owners. DATASOURCE: Aprisma Management
Technologies, Inc. CONTACT: Aprisma Contact: Ann Kelly, Public
Relations Manager of Aprisma Management Technologies,
+1-603-334-2179, ; or Gores Contact: Frank Stefanik EVP Marketing
& Business Development of Gores Technology Group,
+1-310-209-3010, Web site: http://www.aprisma.com/
http://www.gores.com/
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