SAN FRANCISCO, CA (PRWEB) January 24, 2006
Quantum Art, a leading developer of content management and web publishing software, today announced that it continued its steady growth and completed its fiscal year ending December 31, 2005, cash flow-positive with record profitability. As the company continued seeing greater demand for its advanced content application server QP7.Framework, and new on-demand offering QP7.Subscribe, Quantum Art tripled its revenues and improved profits from its 2004 results.
“Saying that we are pleased with 2005 results would be an understatement,” said Quantum Art CEO Edward Shenderovich. “We started the year announcing QP7 as Quantum Art’s new flagship product and are happy with the attention it received from the industry and analysts. We are hoping that our strategy for 2006 will allow us to continue with the growth pattern outlined this past year.”
Until December 2004, the majority of Quantum Art’s customers were government agencies. However in 2005, the company landed more than 50 new customer contracts with high technology and media companies, including Alvarion Ltd., Authorize.net and American Lawyer Media. To date, Quantum Art’s government accounts represent 30 percent of their product revenue, while new technology and media accounts represent 70 percent of product revenue. Quantum Art also expanded its sales and marketing teams in Europe and the U.S., preparing the company for continued growth.
In 2005, Quantum Art initiated a new partner program, signing with resellers in the U.S. and Europe, including Sawabeh Information Services Company (SISCOM), Red Door Interactive, MWI, Talisman Interactive, NELiX Inc. and DeCare Systems Ireland. In turn, Quantum Art’s partners won over a dozen new customer contracts for QP7. To date, all of Quantum Art’s partners are certified and qualified to implement QP7 at customer sites. Russian partner company Tom Studio won Russia’s “Golden Site” award - a distinction similar to the U.S. Webby Awards - for “Best Online Store” which was developed using QP7.
About Quantum Art
Headquartered in San Francisco, CA, Quantum Art provides next-generation content management solutions and leads the market with QP7.Framework, its advanced content application server. QP7 delivers a framework for ultra-rapid development and deployment of dynamic sites and Web applications on top of structured information. Quantum Art’s customers include ABBYY Software House, Authorize.net, Amnesty International, University of Houston, Bernalillo County (NM), Honolulu Police Department and others. For more information, please visit http://www.quantumart.com or call (888) 899-3303.
# # #