Northridge Reports 24 Percent Revenue Growth in 2011 with Record Earnings

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Driven by increased market demand for collaboration solutions leveraging Microsoft SharePoint, the strategic acquisition of a leading digital marketing and enterprise social collaboration firm, and continued geographic expansion, Northridge enters 2012 with strong momentum.

Northridge is pleased to announce 24% revenue growth in 2011, a year highlighted by the strategic acquisition of Solar Velocity and continued geographic expansion. In spite of a lukewarm macroeconomic environment, Northridge generated strong revenue and net income growth on the year while continuing to invest heavily in the future growth platform of the business through strategic acquisition and the hiring of key personnel. Northridge has entered 2012 with significant momentum characterized by all-time high metrics for sales pipeline and revenue backlog.

In 2011, Northridge saw steadily increasing market demand for collaboration solutions leveraging the Microsoft SharePoint platform in areas including enterprise portals, extranet portals, customer portals, business intelligence, enterprise social, and collaborative websites. In addition to servicing this demand, Northridge invested in its future by launching a Charlotte, NC office to further support clients in the region and to expand the firm’s Microsoft partnership. The year also saw the strategic acquisition of Solar Velocity, a leading digital marketing and enterprise social collaboration firm focused on social enterprise computing, mobile development, and traditional digital agency services. This acquisition further bolsters the award-winning Northridge user experience team and brings deep social business collaboration expertise to the company.

“We are very pleased with the strong business performance Northridge produced for shareholders in 2011,” commented Rob Patten, CEO of Northridge. “We grew revenue by 24% and delivered an EBITDA margin of 12%, all while making significant investments in the development of our Charlotte and Argentina offices. We are projecting even stronger revenue growth and profitability in 2012 based on the tremendous market demand for enterprise collaboration solutions. We owe our success to the dedicated employees at Northridge and to our valued clients who continually engage Northridge for key business initiatives.”

About Northridge
Northridge is a nationally-recognized leader in delivering collaboration solutions to mid-market and enterprise clients throughout North America. By combining vast expertise in the areas of business consulting, user experience, and collaboration technology, Northridge delivers comprehensive collaboration solutions for the Enterprise and Internet that are both highly functional and beautifully creative.

With a focus on delivering a measurable return on investment for each client, Northridge offers a rich portfolio of services including collaboration strategy, portal migration and implementation, dashboards and analytics, user experience and branding, collaborative websites, and custom collaboration solutions. For more information, please visit http://www.northridge.com or call (855) 587-9900.

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Taylor Rhyne