GoAhead Software Reports Dramatic Revenue GrowthOctober 20, 2010 No Comments
Major Customer Adoptions and New Products Drive 99% Year-over-Year Growth in Quarterly Revenue
BELLEVUE, Wash.–(BUSINESS WIRE)–GoAhead Software today reported sales results for the quarter ending September 30th. The company’s sales for the most recent quarter represented an impressive 99% increase over the comparable quarter in the previous year and 28% growth over the previous quarter.
“It has been a transformational year for GoAhead Software”
GoAhead’s record sales results come as a capstone to a very busy and successful year for the company. The company made significant progress across a broad range of initiatives. Highlights in 2010 include:
- The integration of two acquisitions that broadened the company’s solution portfolio
- A major and successful strategy shift to an Open Source-based strategy for the company’s flagship high availability products
- Delivery of the industry’s first pre-integrated middleware platform with the launch of embeddedMIND 3.3 and OpenSAFfire 6.0
- Acquisition of major new customers in the telecommunications, aerospace and defense, and media industries
“It has been a transformational year for GoAhead Software,” said John Hansen, GoAhead Chairman and CEO. “We have been able to drive tremendous sales growth organically while also completely integrating two major acquisitions in the last 9 months. This significant progress further cements our position as a leader in the embedded COTS ecosystem.”
“The dynamics of the high-availability middleware market have evolved over the past 18 months,” said Brian Partridge, Vice-President, Network Research, Yankee Group. “Equipment manufacturers of all sizes are reaching an inflection point where COTS middleware alternatives are mature enough to provide time-to-market and cost advantages over the proprietary alternatives.”
About GoAhead Software
GoAhead Software is the worldwide leader in commercial off-the-shelf solutions for equipment manufacturers who recognize that scarce development resources should be allocated to building applications and not infrastructure. Our software platform includes high availability middleware to ensure 99.999% availability of applications as well as a management infrastructure for networked devices that require multiple management interfaces. GoAhead’s leadership and commitment to Service Availability Forum standards prevent vendor lock-in and ensures application portability across different hardware and software platforms. Proven in over 65,000 deployments, GoAhead is helping industry leaders such as Motorola, Alcatel-Lucent, Lockheed Martin and Northrop Grumman reduce development costs and accelerate time to delivery. For more information, visit www.goahead.com.
Director of Marketing
Mike Houston, 425-301-5131
SOURCE: BUSINESS WIREAPPLICATION INTEGRATION, OPEN SOURCE