BuildForge Blows Out Fourth Quarter Expectations28 February 2006
BuildForge, the leading provider of build andrelease management software, today announced that the company has surpassedfourth quarter revenue expectations by over 25%. These results reflect afive times increase over 2004 revenues, and mark the company's sixthconsecutive quarter of rapid growth.
Eleven new enterprise customers were added to the BuildForge roster,complemented by several expanded deployments with existing customers.Deals closed this quarter include industry-leading companies such asAutodesk, Citrix Online, EMC, Interwoven, Clear Channel Communications,Multimedia Games, Reynolds and Reynolds, and others.
The company's momentum is further underscored by the following fourthquarter accomplishments:
BuildForge doubles staff and office facility in Austin, Texas
The company exceeded hiring expectations and doubled the size of itsexisting facility at their Tower of the Hills corporate headquarters.BuildForge more than doubled its employee count, and plans to continuehiring at this pace in 2006.
BuildForge tightens IBM partnership, earning multiple "Ready for IBMRational" validations
BuildForge earned "Ready for IBM Rational" validations for its flagshipproduct, BuildForge FullControl™, and its new product, BuildForgePrism™. These integrations allow teams to better integrate theirdevelopment lifecycle from requirements to production, and createsustainable compliance.
BuildForge named "Technology Partner of the Year" by Borland SoftwareCorporation
In November, BuildForge was named one of Borland's top partners at theirannual user conference in San Francisco, California. The company wasrecognized for their integration with Borland's Software DeliveryOptimization suite to help development teams increase the speed,reliability, and auditability of their development processes.
"BuildForge continues to make significant strides to increase our marketlead," said Gregg Burt, president and CEO of BuildForge. "Our customersrepresent the premiere software development and corporate IT shops in theworld. We are excited to see the material difference our solution ismaking to improve their efficiency, scalability, and compliance readiness-- all ultimately improving their competitiveness and profitability. Wepredict 2006 will be a breakthrough year where Global 2000 developmentteams will make significant investments in build and release management toimprove their software delivery capabilities. We anticipate doublingrevenues in 2006, particularly as we expand internationally."
About BuildForge
Based in Austin, Texas, BuildForge is the leading provider of build andrelease management software. FullControl is the first open framework thatallows development teams to automate, track, audit and analyze theirapplication development lifecycle using the tools they have in place today.BuildForge is used by industry leaders such as Symantec, Avaya, Visa, andAdobe to improve distributed team collaboration and productivity,accelerate time-to-market, and achieve sustainable development compliance.www.buildforge.com
Contact:Cheri BergeronBuildForge, Inc.512-225-0456
SOURCE: BuildForge, Inc.
Source: marketwire
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