Corticon Announces Record Results in Fiscal 2010

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The premier innovation leader in the business rules software market reports strong growth during its 2010 fiscal year.

We are honored that so many of the world’s leading companies are choosing Corticon to automate their mission-critical decision-making processes, said Dr. Mark Allen, Corticon President and CEO.

Corticon, the leader in Business Rules Engines (BRE) and Business Rules Management Systems (BRMS) software, announced operating results for its fourth quarter and fiscal year ended August 31, 2010. Bookings grew at a record 82% in the fourth quarter, compared to the fourth quarter of fiscal 2009. Overall revenues grew by 33% in fiscal 2010 compared to the prior fiscal year. These results represent four consecutive quarters of double-digit growth for the company, exiting fiscal 2010 with strong cash-flow positive operations and a continued growth trajectory.

Corticon’s products improve operational efficiency by automating decision-making processes, thus ensuring compliance with regulations and best practices. Corticon helps organizations deliver the most complex and sophisticated enterprise software solutions with unprecedented speed and agility. Among the 350 customers today are leading worldwide financial service institutions, such as AEGON, M&T Bank, Nomura Securities, Tokio Marine Insurance and UNUM; state governments such as Pennsylvania, Idaho, Minnesota, North Carolina, and Texas; and, federal agencies including the FBI, OPM, and USDA.

The growth in this past year can be attributed to an increased market awareness of Corticon as the premier, pure-play innovation leader in the business rules software market. Corticon’s innovative product line has been recognized as “breakthrough” by both customers and analysts for its ease-of-use, performance and scalability. In 2010, Corticon benefited from strong performance in direct sales, and collaboration with leading enterprise solution providers such as CSC and Deloitte Consulting.

“We are honored that so many of the world’s leading companies are choosing Corticon to automate their mission-critical decision-making processes,” said Dr. Mark Allen, Corticon President and CEO.

About Corticon
Corticon (http://www.corticon.com) delivers Business Rules Management solutions that unleash "The Power of Decisions(TM)", as enterprise assets. Many of the world's most successful organizations rely on Corticon to discover, model, execute and improve operational decisions (and associated business rules) within their enterprise systems. Recognized as a leading business rules vendor by industry analysts and thought leaders, Corticon's patented Business Rules Management System is the only solution with a model-driven design environment that guarantees the consistent, efficient and reliable execution of a company's business rules and decisions. Corticon is a privately-held company headquartered in Redwood City, California, with European headquarters in The Netherlands, worldwide distribution through local Corticon offices, and an extensive partner network. Corticon's products are in use today at many of the world's largest banks, insurance companies, media companies, telecommunication providers and government organizations, collectively automating millions of decisions per day. Download Corticon software today at http://www.rulesworld.com.

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Samira Abrari
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