Snowbound Software Reports Record Fourth Quarter and Full Year Results
Snowbound Exceeds Quarterly and Annual Revenue Expectations
Watertown, MA (Jan. 30, 2007) — Snowbound Software, a leading provider of powerful, flexible, reliable imaging technology, today reported all-time record revenue and strong profit growth for the fourth quarter and full fiscal year 2006.
Total revenue for the fourth quarter was a record 34% higher than the fourth quarter of 2005. Total revenue for Snowbound's full 2006 fiscal year was a record 26% higher than the 2005 fiscal year.
Simon Wieczner, President and Chief Executive Officer, said, "Snowbound had another record quarter and an incredible finish to 2006. We have now averaged strong, 25%+ revenue growth for five straight years and we are well positioned to do it again in 2007."
"Snowbound remains as the fastest growing imaging technology company in its space. We have accomplished our success through intensive new product development, continued partner development, and expanding our sales force and development staff in order to expand our markets and capabilities," Wieczner continued. "We continue to expand into the financial and insurance markets as well electronic document management arena. Our partnerships with EMC and IBM and several other key industry leaders are netting large gains for us. And, of course, our new product offerings supporting Microsoft Office and Adobe Acrobat as well as our significantly enhanced web-based document and image viewers are all seeing widening market acceptance."
“We are poised for continued healthy growth in 2007 as we better inform our customers and partners of the many products we have to offer.”
About Snowbound Software
Snowbound Software develops technology that makes viewing, converting, and manipulating documents and images easy. Snowbound's expert imaging toolkits, powerful web viewers, and rapid batch conversion applications accurately support numerous file formats and are designed to increase productivity and profitability across many vertical markets. For more information please visit www.snowbound.com.