April 16, 2002
- Cambridge, MA
InCert Software Corporation today announced the conclusion of its second fiscal quarter with strong license revenue growth of approximately 20%. A major factor in the quarter was repeat orders from existing customers who continue to find value in InCert's Halo Application Fault Management solution. Repeat orders accounted for more than 50% of the quarter's revenue. This marks 5 consecutive quarters of license revenue growth for InCert.
"We're pleased with our license revenue growth, especially in these market conditions. Particularly gratifying is the fact that existing customers, having put our products into their production environments, are buying more. There is no better proof of our value in the market than incremental revenue from happy customers," said Michael Torto, CEO of InCert Software.
During the quarter the company launched its Halo for J2EE product that allows enterprises to monitor their entire J2EE application framework to pinpoint software problems and deliver a source-code level root cause diagnosis. InCert also announced the integration of Halo with Oracle's JDeveloper IDE and Sun Microsystem's Forte for Java IDE.
In addition, InCert was granted a key US Patent for its method of tracking program execution using high performance, low overhead technology. "The intellectual property behind this patent reflects the core competency of InCert: our ability to provide effective root cause diagnosis in fully deployed, production software applications. It represents the culmination of nearly 40 man-years of senior engineering effort," commented Joe Tischler, General Partner, Still River Fund and InCert investor.