Financial growth highlights increasing demand for visual localization solutions
Dublin, Ireland — January 11th, 2005 — Alchemy Software Development Limited, the market leader in visual localization solutions, today announced record revenues for the year ending 31st December 2004 and significant new customer wins. During 2004 Alchemy Software Development sold more than 2,000 licenses, released several new product innovations, announced partnerships with major industry players and continued to post strong financial results.
Record Q4 2004
In the fourth quarter ending 31st December 2004, Alchemy Software Development recorded their highest ever revenues in the company's history finishing the year with a strong cash position and profitability. Revenues for fiscal 2004 were up 37% on the previous year fueled by significantly larger deployments of their award winning visual localization solution, Alchemy CATALYST in key enterprise clients worldwide.
Large Enterprise Deployments
Experiencing strong demand worldwide for their Alchemy CATALYST flagship product, Alchemy Software Development signed on customers from a diverse range of business sectors, including financial services, medical, automotive and technology. In the North American market, industry leaders such as Business Objects, Draeger Medical Systems and VERITAS Software deployed Alchemy CATALYST as their visual localization technology, while in Europe, CITRIX Systems, Canon Research and Autodesk Inc. expanded their enterprise wide deployments. In Asia NEC, Fujitsu and Computer Associates deployed Alchemy CATALYST as their localization technology during 2004.
Strong Demand for Localization Solutions
“We're experiencing strong growth in demand for our technology worldwide”, commented Tony O'Dowd, CEO and President of Alchemy Software Development, “driven by improved economic conditions and the growing importance of globalization. Many of our clients see it as strategically important to their business development plans to introduce localized software and services in international markets quickly and cost effectively without jeopardizing quality. Alchemy CATALYST makes this important corporate goal achievable.”
New Product Innovations
During 2004, Alchemy Software Development released new product innovations that addressed the most challenging problems of localizing software applications. In Q1 2004, Alchemy Software Development entered into an agreement with Microsoft Corporation, whereby Alchemy CATALYST was bundled with Microsoft Visual Studio.NET Enterprise Architect. In Q2, 2004 an integrated workflow solution was released with GlobalSight Corporation, a leader in enterprise level globalization workflow solutions. In Q3 2004, a jointly developed plug-in component with TRADOS Corporation, the world leader in Translation Memory technology was also released. “We're partnering with the top players in the industry”, said Enda McDonnell, Chief Architect at Alchemy Software Development, “to create best-of-breed solutions that assist enterprise clients in increasing localization velocity, reducing translation costs and improving time-to-market.”
Alchemy Software Development Ltd. Has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2.
About Alchemy Software Development
Alchemy CATALYST is the world's most recognized visual localization technology. 80% of the world's largest software companies use Alchemy CATALYST to accelerate entry to international markets, improving revenue growth opportunities and reducing their costs.
With over 11,000 licenses worldwide, Alchemy CATALYST is the dominant visual localization technology among professional development companies, localization service providers and global technology leaders such as Siemens, Corel, Philips, Canon, JD Edwards, VistaTec, Bowne Global Solutions and SDL.
Alchemy's technology is designed to boost the efficiency and quality of globalizing software products and is used by software development and globalization companies worldwide. With over 12,000 licenses installed worldwide, Alchemy CATALYST is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localization.
Alchemy Software Development has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2, and has offices and facilities in Europe, Asia-Pacific and the United States.
For more information on the company and its products, please refer to http://www.alchemysoftware.ie/
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