FIRM Delivers 32% Organic Growth and 11% EBIT Margin

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FIRM, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the third quarter of 2006 by 32 percent compared to the corresponding quarter of 2005. FIRM achieved revenue of USD 4.9 million in the third quarter of 2006 compared to USD 3.7 million in the corresponding quarter of 2005.

FIRM, the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM), increased revenue in the third quarter of 2006 by 32 percent compared to the corresponding quarter of 2005. FIRM achieved revenue of USD 4.9 million in the third quarter of 2006 compared to USD 3.7 million in the corresponding quarter of 2005.

Commenting on the results, FIRM's CEO, Henning Hansen said, "We are pleased with our continued delivery of strong growth in a quarter which is normally perceived to be challenging for the software industry. Our revenue from Market Research clients is developing in a very positive way and business from Global 5000 clients is in the beginning of a growth curve. We are seeing an increased interest among Global 5000 companies for Enterprise Feedback Management solutions as leading analysts have started to write about EFM, and as the success from early adopters is becoming well known in the marketplace."

Highlights third quarter 2006:

  • 32% organic revenue growth (Q305: 35%)
  • 11% EBIT margin (Q305: 2% margin)
  • Strong growth in both North America and EMEA

Further information:

  • Third Quarter 2006 report

http://www.confirmit.com/pdf/firm2006q3.pdf)

  • Third Quarter 2006 investor presentation

http://www.confirmit.com/pdf/firm2006q3presentation.pdf

Press contacts:

CEO Henning Hansen, phone: +47 908 81192, or CFO Ken Østreng, phone +47 911 51686.

About FIRM

Future Information Research Management (FIRM) is the world's leading provider of software for Market Research (MR) and Enterprise Feedback Management (EFM). The company has 100 employees and offices in Oslo, London, New York and San Francisco. FIRM's software is also distributed through partner resellers in Amsterdam, Sydney and Tokyo. FIRM became a public company in December 2005, and is listed on Oslo Stock Exchange under the ticker "FIRM".

Confirmit, FIRM's flagship product, is a web-based survey, feedback and reporting software. FIRM's two target markets and product offerings are Global 5000 companies with Confirmit EFM (Enterprise Feedback Management) and market research companies worldwide with Confirmit MR (Market Research). Customers include Accenture, ACNielsen, Aker Kværner, Dow Jones, Egg, Hewlett Packard, Intrawest, Ipsos, Microsoft, Storebrand, and Statoil.

For more information about FIRM and Confirmit, visit http://www.confirmit.com.

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