Press Releases
Visual Mining Reports Positive First Quarter Results
Record Revenue
ROCKVILLE , MD, April 28, 2008 –
- Business booked increased over 28%;
- Total revenues up 24% percent;
- Twenty-ninth (29 th) consecutive profitable quarter
Visual Mining ™, the premier provider of advanced visual analytics and performance dashboard solutions used for Business Performance Management (BPM) and Business Intelligence (BI) Applications, today announced record first-quarter 2008 revenues. Revenue increased of 24% over the immediately preceding quarter, fourth quarter 2007. Business booked also increased by over 28% percent over the previous quarter. Additionally, the first quarter of 2008 marks the twenty-ninth (29 th) consecutive profitable quarter for privately held Visual Mining.
"Visual Mining had an excellent first quarter and is off to a great start of an exciting year filled with opportunities for the Company,” said Tristan Ziegler, Chief Executive Officer of Visual Mining, Inc. “We are uniquely positioned to capitalize on the profitable growth segments in the marketplace: our flexibility allows us to provide true and measurable value to our customers; we have a broad base of loyal and valued customers; a strong recurring revenue stream; a strong cash position and are completely debt free. We continue to significantly reinvest in our products and introduce innovative new products. As always, we remain fully committed to delivering the best overall experience and satisfaction to our customers.”
Other highlights for the first-quarter of 2008 include:
- The completion of a significant stock repurchase program;
- The exercise of all of its outstanding common stock warrants which were held by its investors, Atlas Venture and Sigma Partners;
- An expanded client list that consists of companies such as OpSource, Inc., Sun Microsystems, Inc., IBM, Corp., NetApp, Inc., TNS Media Intelligence, Nightingale-Conant, Arbor Networks, Inc., Wellpoint Systems, Inc., and CPM Marketing Group;
- The released of a new version of NetCharts On-Demand, salesforce.com Edition
- The further expansion our engineering and sales teams.
About Visual Mining, Inc.
Visual Mining develops innovative graphical reporting, visual analytics, and performance dashboards for Business Performance Management. Visual Mining produced NetCharts® as the industry’s first commercial Java-based charting engine. Thousands of customers worldwide, from Fortune 100 companies to start-ups, from financial services to healthcare utilize Visual Mining’s award-winning solutions to transform their data into actionable information. Information about the company's products and services is available at www.visualmining.com.
###
Media Contact:
Laura Sankowich
Sr. Marketing Manager
Visual Mining, Inc.
301.795.2217
lsankowich@visualmining.com



