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Despite weak economy, Datacert continues to thrive as the demand for its global legal spend and matter management solutions grows
HOUSTON, May 22, 2009 - Datacert, Inc., the leading global provider of legal operations management solutions, today announced strong first quarter financial performance, with a 20% increase in revenue and an 18% increase in total bookings for the first quarter over the same period a year ago. In addition, profitability was robust as reflected in a 16% EBITDA margin for the first quarter of 2009, which outperforms many industry benchmarks.
"We're very proud of what we have achieved so far in 2009 as, despite the generally down market, we forecasted aggressively for growth, and are exceeding our projections," stated Alan Harding, chief financial officer, Datacert. "The positive momentum appears to be continuing into Q2 as well, as total bookings up 63% thus far over the same period last year. Moreover, recurring bookings from our install base of existing customers well exceeds the level of our operating expenses. With strong profitability and growth, Datacert is well-positioned to continue pursuing strategic investments aimed at enhancing our products and services to provide our customers with increased business value for their global projects, further extending our lead in the global legal operations management market."
Datacert experienced strong sales in both EMEA and North America as the demand for global legal spend and matter management solutions continued to grow, resulting in a 25% increase in new sales orders for the first quarter of 2009. New global clients and existing customers focused on global initiatives are fueling this tremendous growth and driving the acquisition of new legal departments, new users, new product installations, and new law firms globally for Datacert.
"With our existing customer base contributing so much to our new global sales, we have also significantly improved operational efficiency in our sales and marketing efforts," said Harding.
"The challenging economic environment is driving our customer base to take control and improve the effectiveness of their legal spend on a global scale, and they are recognizing that Datacert is the only legal operations management vendor capable of supporting them with these complex and far-reaching initiatives," said Jim Tallman, president and chief executive officer, Datacert. "While many vendors in this market are struggling, Datacert's global value proposition and the financial strength provided by our unique business model allow us to stay focused on enabling our customers, whether based in the U.S. or abroad, to extend control globally over their legal spend, IP, and matter management initiatives."
Datacert has developed the product, staff, and service model necessary to support the complex needs of global customers, with a strong focus on providing local support outside the U.S. to help ensure the success of global projects.
"You simply cannot effectively support a global client entirely from the U.S.," continued Tallman. "You need to understand global issues and regulatory concerns and be able to speak the customer's language. Given our global success, we anticipate that we will continue to outperform the market as the year progresses. Datacert has a strong backlog of project work and new business, including, for example, assisting a global financial services company install its solution in four countries across Europe and Asia-Pacific. Our customers are driving our global growth and Datacert is there to support them every step of the way."
For More Information
To learn more, please contact Datacert at 713-572-3282 or e-mail nasales@datacert.com (North American inquiries) or emeasales@datacert.com (international inquiries).
About Datacert, Inc.
Datacert is the leading global provider of software and services for the legal industry.
Offerings include its technology platform, Passport, and legal and IP spend and matter management
software and services. Clients look to Datacert solutions to strategically manage their
departments, reduce legal costs, and optimize operational efficiencies. Datacert has law firm, vendor, and agent connections in
more than 150 countries and its customers include
71 Fortune® 500 corporations,
53 Global Fortune® 500
corporations, and 100% of the AmLaw 200. Visit
www.datacert.com for more information and follow us on Twitter for real-time updates
http://twitter.com/Datacert.
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