Visionael Achieves Record Growth in 2005
International Expansion Bolsters Base of Global Customers and Partners
PALO ALTO, Calif., April 19 /PRNewswire/ -- Visionael Corp., a leading provider of technology asset management software and services, today announced record-breaking results for fiscal year 2005, with annual revenue growing over 50 percent. In Europe, the company experienced 300 percent growth in 2005. During the year, Visionael grew its client base by 25 percent, and significantly expanded its global partner base of system integrators, managed service providers and network outsourcers. The company released an updated version of its flagship product -- Network Resource Manager (NRM) -- and gained significant momentum in the United States and Europe.
"2005 was a terrific year for Visionael, and we achieved our sixth consecutive quarter of record sales and profit," said Craig Nichols, CEO of Visionael. "The feedback from our customers during our annual customer advisory meeting last November reaffirms that the current business climate requires businesses to have visibility of all aspects of their operations. Our software and services allow carriers, service providers, network outsourcers and large enterprises to make better decisions relating to the deployment and management of their business-critical networking resources."
In 2005, the company continued to achieve a high level of customer satisfaction, with more than 90 percent of its customer base renewing or expanding their agreements. It also signed with customers across a range of industries, including leaders in network outsourcing, mobile telephony, cable, DSL, healthcare and financial markets. Visionael now counts many of the world's largest companies as customers, including six of the top network outsourcers. To address the challenges that come with rapid growth and to ensure its future success, Visionael added to its management team in 2005 with the following industry veterans:
o Warren Bell, vice president of North American sales, who previously
headed sales for Collation Inc., Back Web, Remedy Corporation, Altos,
Software Publishing Corporation and Seagate Software.
o Laurence Malroux, general manager, EMEA and Asia Pacific, who held
international sales management positions at EDS, IBM, Gemini Consulting
and CGI Informatique. Prior to joining Visionael, she founded Sextant,
a technology marketing and business development firm with clients such
as Arthur Andersen, Mega International, Meteor Communications and
McKinsey-Apollis AG.
o Joe Prang, Visionael's board of directors, who is chairman and chief
executive officer of Conformia. Prang also serves on the board of
directors of Metreo Inc., Cardonet Inc. and Trados Inc. He has
previously mentored multiple enterprise software companies, including
Epic Design, Agile Software, Rightworks and SupplyBase.
Visionael also expanded its operations into new geographies in 2005, establishing a presence in France, Germany, the UK and Israel.
Visionael NRM 7.3, the latest version of the company's software that provides an essential foundation for the effective management of IT services, helps companies and service providers effectively manage the complexities of planning for and deploying new network services. With NRM 7.3, organizations can reduce the time it takes to deliver new network services by giving network professionals an arsenal of powerful yet easy-to-use tools to automatically discover, design, document and provision network services.
Access to a current, accurate view of the network provides significant business advantages that include better decision making, speedier response to changing market conditions, better planning leading to infrastructural and operational cost reduction, rapid response to disaster recovery and business continuity, and access to the framework for compliance with regulatory processes such as Sarbanes-Oxley, HIPAA and Basel II.
About Visionael
Visionael is a software and services company that enables customers to effectively plan for and respond to the ever-changing complexity associated with large computer networks. Enterprises, government organizations, network outsourcers, and telecommunications services providers rely on Visionael solutions and insights to reduce the time and risk of deploying new network technologies and services. The company has an extensive worldwide customer base, including Alpheus Communications, Comcast, EDS, Kaiser Permanente, IBM Global Services, Sprint and Vodafone. Channel, system integrators and partners include Dimension Data, EDS, IBM Global Services, Logica and Pride. Visionael is a privately held company, headquartered in Palo, Alto, California, with major development facilities in Tulsa, Okla. and Bangalore, India. Sales offices are located throughout North America and Europe. For more information, please visit www.visionael.com, or call +1-650-470-8920.
CONTACT:
Jim Barnes
The Hoffman Agency for Visionael
+1-408-975-3058
jbarnes@hoffman.com
Source: Visionael Corporation
CONTACT: Jim Barnes of The Hoffman Agency, +1-408-975-3058, or
jbarnes@hoffman.com, for Visionael
Web site: www.visionael.com/
