Day Delivers 65% License Growth for 2H 2009
(Thomson Reuters ONE) - Day Software Holding AG / Day Delivers 65% License Growth for 2H 2009 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 27 New Customers and Strong Installed Base Re-Orders Produce Record Second Half2009Basel, Switzerland and Boston, Massachusetts - 10 February 2010 - Day SoftwareHolding AG (SIX: DAYN, OTCQX: DYIHY), a leading provider of content managementand content infrastructure software, today announced financial results for thesecond half and year ended December 31, 2009. The year saw Day Software winmajor new customers, expand into new regional markets, and build a strongerdistribution channel through new partnerships with leading interactive agenciesand global systems integrators. Capitalizing on growing investment in the Webchannel for customer engagement, acquisition, and retention, Day Software builtnew momentum with its award-winning CQ5 platform and delivered strong growth andoperating results.Day reported total license revenue of CHF 9.2M for the second half of 2009, anincrease of 65% from total license revenue of CHF 5.6M in the second half of2008. Total license revenue for 2009 was CHF 16.5M against CHF 11.3M in 2008,an increase of 45%, and total revenue for 2009 of CHF 36.3M, an increase of 31%over total revenues of CHF 27.8M in 2008. Cash increased 72% from a total ofCHF 12.8M at the end of 2008 to CHF 22.0M as of December 31, 2009. For theyear, Day reported operating income of CHF 4.2M, equal to an 11% margin. Dayalso reported earnings per share of CHF 1.82, an improvement over a per-shareloss of CHF 4.55 in 2008."In 2009, we invested in people, products, and partners to take our new CQ5platform to market and drive growth," said Day Software CEO Erik Hansen. "Theincreased importance of the Web channel as a business growth driver and the riseof cloud computing and social media are creating strong demand for a new classof content management solutions, a class pioneered by Day's CQ5." Hansencontinued, "We pursued this opportunity with great focus in 2009, stressingsmart investments in sales and marketing, strong operational excellence, andexpansion of the entire ecosystem of partners and solutions around ourproducts. We are pleased how this has ignited Day Software in 2009 anddelivered strong results."Customer Success HighlightsDay secured 49 major new customer wins in 2009, gaining new traction in Day'straditional markets and building significant momentum in newly opened salesregions. Select new wins include:· North America: Adobe, General Motors (GM), Department of Defense(Army), Newsweek, MTV Networks, Columbia University, Newedge, United NationsDevelopment Program (UNDP), Rosetta Stone, Cooper Industries, Government of NewBrunswick, Ingersoll Rand· Germany, Austria, Switzerland: Boehringer Ingelheim, Viessmann,Fraport, Fraunhofer, AMAG, SIKA, Hybris, Kanton Bern, Sympany· U.K. and Northern Europe: Virgin Media, WGSN, John Lewis Partnership,Royal Bank of Scotland (RBS), Audi UK, Associated Northcliff Digital (DailyMail), Grundfos· France and Italy: LaRedoute, Louis Vuitton, Accor, Telecom Italia,Prenatal, Esselunga,· Asia-Pacific: Starhub, Government of SingaporeIn addition to new wins, Day saw major re-orders from strong installed baseuptake of CQ5, which at the close of 2009 is Day's most widely deployed platformwith the fastest rate of adoption against all prior release versions. Notablecustomer re-orders include: Daimler, Volkswagen, Nissan, Investec, CliffordChance, Banque Postale, Williams-Sonoma, F5 Networks, City of Chicago, andInterContinental Hotel Group (IHG).Product and Industry Leadership HighlightsBuilding on the success of Day's November 2008 release of its inaugural CQ5platform, CQ 5.1 Web Content Management (WCM), Day innovated a new onlinedistribution model for its core standards-based Enterprise Content Management(ECM) platform, CRX, in January 2009 and launched two new enterprise offeringsin March 2009 as part of its unified WCM suite, CQ 5.2 Digital Asset Management(DAM) and CQ 5.2 Social Collaboration (SoCo). Day received critical industryacclaim from both industry press and analysts and was named a Visionary in bothGartner's Magic Quadrant for WCM and Magic Quadrant for ECM in 2009.Day also continued to advance and build industry support for open,standards-based Web infrastructure with its work in the Java Community Process(JCP), OASIS, and Apache Software Foundation (ASF). In 2009, Day Software CTODavid Nuescheler finalized the ratification of the JSR-283 content managementstandard, capping a multi-year, multi-vendor effort for defining the secondgeneration of the seminal, Day-led JSR-170 standard. In addition, Day led thecreation of the vendor-neutral Apache Chemistry project, gathering a consortiumof content management vendors to jointly develop a common referenceimplementation of the proposed Content Management Interoperability (CMIS)standard as a complementary adjunct to JSR-170 / JSR-283.Partner Highlights2009 saw Day move to a channel-led sales model with the rollout of a newworldwide partner program for leading global interactive agencies, systemintegrators, and regional partners. Day drove over 60% of 2009 customertransactions through over 20 new or expanded relationships:· Interactive Agencies: Sapient, MRM Worldwide, LBi Nicholson, Razorfish,Digitas· Systems Integrators: Logica, T-Systems, Thoughtworks, CambridgeTechnology Partners· Regional Partners: Unic, Namics, EPAM, Valtech, Cognifide, Nolte andLauth, Acuity Group, Crown Partners, Headstand Media, Cassini, Earthbound MediaGroup (EMG)Business HighlightsDay continued its investment in new geographies in 2009. Building on itsinitial presences established in Q4 2008, Day expanded operations in the U.K.and entered the French and Italian markets in April 2009 with the opening of itsnew Paris and Milan offices. Day also strengthened operations in the NorthAmerican market, opening a new office in Toronto, Canada, adding sales capacityin the New York - Washington D.C. corridor, and establishing a new North Americaheadquarters in Boston, Massachusetts.The year also saw continued strengthening of Day's leadership team. In May2009, Day elected industry veterans David Arnott and Barry Bycoff to its Boardof Directors, and in August 2009 named Mr. Bycoff Chairman of the Board. Alsoin Q3 2009, Day added two new members to its executive team to build worldwideServices and Support operations to ensure rapid product adoption and continuedpartner and customer success in 2010."In a year marked by economic turbulence and uncertainty, Day executed on astrategy of focused messaging, market development, partner recruitment, andproduct innovation," said Day CEO Hansen. "As organizations around the globeinvest in the Web to drive new sales and market growth, Day has seized theopportunity to win market share against legacy, incumbent vendors in the contentmanagement space and deliver solid business results. With a focus on the bottomline, we were able to invest in our business and generate good returns due tosolid execution across all departments in all geographies."Looking forward to 2010, CEO Hansen commented: "We plan on continued investmentin products to keep our CQ5 platform at the leading edge. We will also expandour investments in sales, marketing, and our partner ecosystem in both NorthAmerica and Europe to grow our license income and maintenance revenue base. Webegin 2010 with the launch of CQ5.3, a majorly expanded version of CQ5, and planon continuing our focus on operational excellence to gain further market share,build on our momentum, and drive profitable growth in 2010.""We believe Day is strongly positioned for continued success in 2010," concludedHansen. "Despite continued uncertainty in the general global economy, we lookforward to reporting further news of the company's progress during the comingyear."About Day - www.day.comDay Software is the ECM pioneer that leading global enterprises rely on fortheir Web 2.0 content application and content infrastructure needs. Day'sContent Repository Extreme (CRX) is the industry's leading Java ContentRepository (JCR) that provides unique virtualization services to consolidatelegacy repositories and unique cloud computing services to lower IT operationalcosts. Day's Communique 5CQ5 platform provides industry-leading Web ContentManagement, Digital Asset Management, and Social Collaboration in a single,unified suite and won the 2009 InfoWorld Technology of the Year Award for "BestWeb CMS".Day is an international company with headquarters in Basel, Switzerland andBoston, Massachusetts, traded since April 2000 on the SIX Swiss Exchange, and"Over the Counter" (OTC) as American Depositary Receipts (OTCQX:DYIHY). Day'scustomers are worldwide leading global enterprises, including: Adobe, Audi,Volkswagen, Daimler, General Motors, Nissan, Newsweek, MTV Networks, VirginMedia, University of Phoenix, InterContinental Hotels Group, and McDonald's.A warning regarding forward-looking statementsThis press release may contain forward-looking statements regarding futureevents or the future performance of Day Software Holding AG and its subsidiaries(the "Company"). Words such as "expects," "plans," "believes," "may," "will,"and variations of these words or similar expressions are intended to identifyforward-looking statements. These statements speak only as of the date hereof.Such information is subject to change, and we will not necessarily inform you ofsuch changes. Actual events or results, of course, could differ materially andadversely from those expressed in any forward-looking statement. The Companydoes not make filings (e.g., Forms 10-K and 10-Q) with the Securities andExchange Commission under the Securities Exchange Act of 1934.For further information Peter Nachbur Day Software AG Barfuesserplatz 6 4001 Basel, Switzerland T +41 61 226 98 98 E-Mail: peter.nachbur(at)day.comSummary financial schedules are available on the Investor Relations section ofour web site at http://www.day.com/investors/financialreports.[HUG#1383244] --- End of Message --- Day Software Holding AGBarf?rplatz 6 Basel SchweizWKN: 936168;ISIN: CH0010474218; Day_2009_Results_EN: http://hugin.info/131802/R/1383244/342064.pdf
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