Acuo Technologies Announces Another Significant Growth Year in Revenue and Implementations to Further the Company's Market Leading Position
BLOOMINGTON, Minn., Feb. 21, 2011 - Acuo Technologies®, a market leading provider of comprehensive software solutions to the medical imaging industry for archiving, collaboration and migration services, announces another year of significant growth during Fiscal Year 2010. The company achieved 25% growth over the previous year in revenue and a three-year compounded annual growth rate of 55% in revenue, while adding an additional 125 implementations of the DICOM Services Grid(TM) software solution; totaling over 600 implementations worldwide. Furthermore, the company increased the revenue backlog 24% from Fiscal Year 2009. The company signed over 25 software license deals with healthcare institutions, including over a dozen significant enterprise archive license contracts located in Illinois, Louisiana, Minnesota, Missouri, New Jersey, New York, Ohio, Canada and the United Kingdom. In addition, the company signed over 25 new data migration services contracts throughout the year.
"I am very pleased to see the continued market acceptance of Acuo's DICOM Services Grid software solution suite and advanced professional service offerings," stated Jeff Timbrook, CEO. "I want to personally thank our partners and customers for another great year in our company's history despite economic conditions present in 2010. In order to service the growth in business, we have recently increased our employee base by 30% over the previous year, along with continued focus and staffing in research and development, further driving product innovation. We look forward to 2011 as we continue to ramp up for another significant sales and implementation growth year."
Acuo Technologies will be showcasing new software features that include a real time dashboard technology, image sharing and exchange software, web services workflow layer and cloud virtualization layer at HIMSS11, Booth #3139. By freeing the archive function from PACS, the Acuo DICOM Services Grid allows healthcare institutions to finally own their own digital imaging data offering institutions data liquidity, without future data migration headaches.
About Acuo Technologies
For over a decade, Acuo Technologies has been delivering innovative solutions that put healthcare providers in control of their data. Strong adherence to industry standards combined with patented middleware solutions provide scalable and customizable storage management solutions that deliver the ultimate promise of vendor independence and freedom to choose the best options that meet the needs of the enterprise. By choosing to deploy over 600 DICOM Services Grid(TM) software solutions around the world, Acuo customers are in better control of their data.
SOURCE Acuo Technologies
CONTACT: Gerry Fitterer, Chief Financial Officer of Acuo Technologies, +1-952-905-3440, gfitterer@acuotech.com
Web Site: www.acuotech.com
