Press Release
Polarion Software Reports Strong Second Quarter License Growth
Alameda, CA (August 10, 2010) – Polarion Software, a leader in application lifecycle management and requirements management and a disruptive force in the software marketplace, announced today it has once again achieved record growth for its ALM business. The Company realized a 45 percent increase in sales for the second quarter of Fiscal 2010 over the second quarter of Fiscal 2009, driven by strong sales across all product lines and geographies as well as new customer acquisition.
"We are particularly proud of our strong performance in ALM and Requirements Management licensing this quarter," said Polarion Software Chairman, Hanspeter Siegrist,. "The company welcomed a number of new customers through the quarter, and enjoyed significant add-on sales from existing customers. Sales to customers in USA, Brazil, and Italy were particularly strong in this second quarter."
Polarion Software also announced today a global partnership with Tasktop -- authors of Mylyn and Tasktop Pro -- introducing product bundles and integrations to benefit new and existing Polarion customers with enhanced task management capabilities. Polarion also released several new plug-in adapters based on its LiveBus technology to provide reliable bi-directional synch results in a fraction of the time offered by other ALM competitors.
"Our team is executing to plan, and our product strategy is progressing as designed. Sales in key sectors including automotive, aerospace, defense, telecommunications, and medical devices are strong and have steadily grown since our first product release in 2005. At a time when global economic issues continue to present challenges and barriers for many ALM players and the enterprise software sector as a whole, Polarion´s Q2 success is a remarkable reinforcement of customer acceptance and demand for Polarion´s products and market strategy," said Polarion Software CEO, Frank Schroeder.
About Polarion Software
Polarion Software is a global leader in the field of Requirements Management and comprehensive ALM software solutions and services. With over 750,000 users globally and hundreds of Fortune 1000 organizations; Polarion provides companies with fully integrated, web-based solutions to lower costs and increase efficiencies while replacing legacy client server dinosaurs with disruptive low prices sourced via multiple channels for ease of purchase, installation, and customer support. For more information, visit www.polarion.com.
For further Information, please contact:
Michael Carey,
Polarion Software
michael.carey@polarion.com
+1 510 995 8955
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