Confirmit Continues Strong Growth

Online research software firm Confirmit has posted a 68% increase in revenue for the final quarter of 2007, including 38% organic growth. The Q4 total of $12.8m includes $2.5m consolidated revenue from the acquisition of MR software firm Pulse Train.

Operating results (EBIT) for the fourth quarter increased by 67% to $2.7m, compared with $1.6m in the corresponding quarter of 2006. Profit before tax for Q4 was $2.7m, up from £1.6m in the same period last year.

For the full year, revenue climbed 57% to $34.215m, while profit before tax was $4.7m, up 67% compared with $2.8m in 2006.

CEO Henning Hansen commented: 'It has been a very interesting year for Confirmit, with strong organic growth rates, the successfully integration of the Pulse Train business (www.mrweb.com/drno/news6826.htm ), and the doubling of number of employees. Looking to 2008, we are now in a position where we can more quickly deliver new products and innovations to the market and further strengthen our position.'

In November, Confirmit launched version 12 of its software products (www.mrweb.com/drno/news7567.htm ) and says that through its Software as a Service (SaaS) service (www.mrweb.com/drno/news7298.htm ) clients are automatically benefitting from its new' innovative capabilities and products'.

Confirmit has more than 220 employees working from its Oslo headquarters and offices in Guildford, London, Moscow, New York, San Francisco, and Yaroslavl. The firm's software is also distributed through partner resellers in Milan, Santiago and Sydney. It is online at www.confirmit.com.

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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