TerraGo Technologies Continues Strong Growth in 2010

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TerraGo Achieves Record Year-to-Date Revenue While Continuing to Expand Customer Base and Strategic Partnerships

TerraGo Technologies, Inc., a leading provider of geospatial collaboration software solutions, continued to achieve strong performance in 2010, including a record quarter for revenue in Q3. TerraGo’s year-to-date revenue at the end of Q3 grew by 80 percent over 2009 results. In addition, TerraGo continued to expand its customer base in its core U.S. government market as well as commercial and international markets. The quarter was also highlighted by significant milestones with TerraGo’s strategic partners, new product enhancements, and continued hiring of leading talent.

“TerraGo’s record performance to date in 2010 demonstrates the strong demand in both government and commercial markets for putting the power of geospatial intelligence into the hands of all users in the enterprise,” said Rick Cobb, president and CEO of TerraGo. “Government as well as leading commercial organizations have deepened their investments in TerraGo geospatial collaboration software and GeoPDF. We are seeing larger acquisitions, more innovative programs and pilots, and broader commitments to creating standard intelligence products that leverage GeoPDF. TerraGo’s momentum is strengthened by the steps that we’ve taken together with other leading software providers such as Adobe, BAE, Esri, Hitachi, and Intergraph to enhance our solutions and deliver deeper capabilities to our joint customers.”

In addition to record financial performance during Q3 2010, TerraGo made strong progress and growth in numerous other areas:

Partners

―    Hitachi Solutions and TerraGo announced a strategic partnership under which Hitachi is a development partner, master distributor of TerraGo® software in Asia, and strategic investor in TerraGo.
―    TerraGo joined the new Esri Partner Network as one of the first Gold Tier Partners, deepening the companies’ collaboration on sales, marketing, and development efforts.
―    Adobe and TerraGo deepened their relationship with new initiatives. The companies developed an upgrade path to support geospatial capabilities for Adobe® Acrobat® X users. They also signed an agreement under which TerraGo is providing software engineering services in support of geospatial PDF consumption in Acrobat X and Reader® X.
―    Joint sales activities with BAE and Intergraph were robust, particularly in Q3, and added diversity to TerraGo’s government sales activity.

Customers

―    More than 900 organizations now use TerraGo software to create GeoPDF® maps and imagery, and more than 10,000 use TerraGo software to interact with GeoPDF.
―    TerraGo added 23 new customers in Q3 from various segments, including U.S. federal civilian and military, local government, oil and gas, utilities, and architecture and engineering. Several new customers are from international markets.

Products

―    The company launched TerraGo 3D Composer™ in Q3 and has received considerable interest in the new software for creating 3D GeoPDF products from LiDAR and other forms of elevation data. A major U.S. government customer is now producing 3D GeoPDF products and distributing them to deployed field users.
―    TerraGo released a new version of TerraGo Toolbar™ that supports internationalization. In close collaboration with strategic partner Hitachi Solutions, the TerraGo Toolbar is now available in Japanese.
―    A major initiative in Q3 was adding support in TerraGo Publisher™ for Esri® ArcGIS® 10. The new version of TerraGo Publisher is now available.

New Hires

―    TerraGo continued to build its government sales team in Q3, adding Betsy Montanio as account manager for U.S. federal civilian government business. Montanio has extensive experience in the government market working for companies such as AutoCAD, IBM, and Xerox.
For more information on TerraGo GeoPDF solutions, please contact sales(at)terragotech(dot)com or visit http://www.terragotech.com. In addition, please plan on visiting TerraGo at the Esri Federal User Conference from Jan. 19-21, 2011, in Washington, D.C.

About TerraGo Technologies
TerraGo Technologies delivers software applications that extend the access and application of maps and imagery for mobile field professionals who rely on geospatial information to do their jobs. Thousands of global organizations, including many defense and intelligence agencies, petroleum and utility companies, public safety departments, and environmental engineering teams, depend on TerraGo software. The TerraGo Publisher™ Suite allows organizations to consume and optimize data from any source and create GeoPDF® maps and imagery. The TerraGo Collaboration™ Suite offers desktop, Web-based and mobile software applications that automate geospatial collaboration and information gathering and sharing. When used in conjunction with TerraGo Composer™, customers are able to configure easy-to-use 2D and 3D maps, imagery, and digital GeoPDF MapBook products while embedding relevant business context, forms, and workflows. With a strong ecosystem of partners, including Adobe, BAE Systems, ESRI, ERDAS, Hitachi, Intergraph, and Trimble, millions of professionals use geospatial data that has been enabled by TerraGo in order to be more productive, improve quality, and make better decisions. For more information, visit http://www.terragotech.com.

TerraGo software creates GeoPDF maps and imagery that conform to the specifications published by the Open Geospatial Consortium as an OGC Best Practice and those published by Adobe as proposed geospatial extensions to ISO 32000.
TerraGo and GeoPDF are registered trademarks of TerraGo Technologies, Inc. All other trademarks are the property of their respective owners.

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Peter Herbert

Sarah Clark-Lynn
Strategic Communications Group
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