Unify Reports Strong FY08 Q3 Results
Composer for Lotus Notes Gains Momentum with Customer Wins
Unify Applies for NASDAQ Listing
Unify CEO Todd Wille Featured in CEO Magazine
CeBIT Review
Unify Products and Windows Vista
NXJ 12 Update

Unify News

Unify Announces Fiscal 2008 Third Quarter Results

Unify Reports Strong FY08 Q3 Results
Unify reported total revenues in the third quarter of fiscal 2008 of $5.8 million, up 76% as a result of organic and acquisition related growth when compared to $3.3 million in the third quarter of fiscal 2007. Software licenses revenue increased 93% to $3.0 million, compared to $1.5 million for the fiscal third quarter in 2007. Services revenue was up 62% to $2.9 million for the quarter, compared to $1.8 million for the same quarter of fiscal 2007.

• Income from operations was $1.3 million versus a loss of $500,000 a year ago.
• Net income of $1.1 million versus a net loss of $1.3 million a year ago.
• Earnings per share of $0.14 versus a loss per share of $0.22 a year ago.
• Non-GAAP earnings per share of $0.18 versus a loss per share of $0.18 a year ago.
• Adjusted EBITDA of $1.6 million versus a negative $230,000 a year ago.
• Operating Cash Flow was $427,000 versus a negative $483,000 a year ago.

“Momentum continues to increase in the acceptance, adoption and expansion of our database and development software among our global customers and partners,” said Todd Wille, chief executive officer, of Unify. “The robustness of our products continues to be validated by the growing number of existing clients who are choosing to expand the footprint of our solutions within their organizations, such as our recent $800,000 win with a Russian commercial bank to expand our database product to every branch. In addition to the expansion we are experiencing within our existing customer base, we added 49 new database and development software customers for the quarter, bringing the total of new customers for the first nine months of our fiscal year to 191.”

Wille continued, “In our Composer business, we won two paid-for Proof of Concepts (POCs) with large financial services companies during the quarter, each of which came to us as a result of our partnership with Microsoft. During the third quarter, we more than doubled our pipeline of prospects and experienced a significant increase in request for proposals for our Composer migration solution. Also, Microsoft began a second global seminar series in late February, featuring Unify as a key partner and showcasing Composer as a leading solution for transitioning Lotus Notes applications to the Microsoft stack. The tour includes the cities of Detroit, Philadelphia, London, Munich and Paris where Unify has a strong sales presence. We believe we are well positioned to capitalize on the large Lotus Notes migration opportunity we have with Composer and look forward to updating you on our progress.”

Composer for Lotus Notes Gains Momentum with Customer Wins 
Unify has won four paid Proof-of-Concept (POC)/Pilot projects for its Composer for Lotus Notes migration solution. Three of the four customers are large financial services companies, referred to Unify by Microsoft, through its Notes Transition Framework initiative. These customers are looking to seamlessly migrate custom Lotus Notes applications to the Microsoft platform.

The fourth customer was referred to Unify through its partnership with EMC and is a large international utility company. EMC has a strategic practice focused on transitioning Lotus Notes customers to Microsoft technologies. Unify’s solution is unique in that it that offers customers the ability to adopt the Microsoft platform with a like-for-like migration of critical Lotus Notes applications in a timely and cost effective manner without a rewrite, which was previously the only alternative.
Learn more about Composer

Unify Applies for NASDAQ Listing 
Due to strong financial results and the conversion of debt in February by ComVest, Unify’s shareholders’ equity has increased to meet the NASDAQ’s listing requirements. As such, the Company has filed an application for listing with NASDAQ and looks forward to announcing a change in listing status within the next couple of months. It is believed that NASDAQ will provide increased visibility for Unify and should result in improved liquidity for its shares by providing additional access to institutional investors.

Unify CEO Todd Wille Featured in CEO Magazine 
The latest successes of Unify have lead to wide interest from business magazines and press worldwide. Read about Unify’s CEO Todd Wille in CEO magazine.

CeBIT Review
The official surveys from Dt. Messe AG proved that the relaunch of CeBIT 2008 was a success. The new CeBIT format (6 days versus the previous 7) proved successful across the board, drawing an enthusiastic response from visitors and exhibitors alike. This six-day event has generated a fresh sense of optimism and a premonition of great things ahead in the global IT industry. CeBIT 2008 had revealed a return to the days of euphoria about new technologies and solutions.

The 5,845 exhibitors from 77 countries reported they were leaving Hannover with good leads and orders placed. Despite the shorter run of the show, attendance was up three percent over the previous year, totaling 495,000.

CeBIT 2008 key categories were: business solutions, public sector solutions, home & mobile solutions and technology and infrastructure.

With a completely new booth and launch of the Unify brand, we showcased the Company's entire product portfolio such as the database and development products (NXJ, Team Developer, Report Builder, SQLBase, DBMoto, DataServer and Sabertooth) as well as our Composer solution for migrating Lotus Notes applications. Unify was located in Hall 3, the hall dedicated for business solutions.

A few highlights from the show include:

• More qualified leads than ever
• More new contacts generated than ever
• Thriving interest for NXJ Developer with numerous sales opportunities
• Huge upgrade potential for Team Developer 5.1
• Successful launch of Sabertooth
• Exposure and awareness for NXJ and Composer with listings in the SOA & BMP Compendium 2008

Unify Products and Windows Vista
We are getting many inquiries about Unify product support for Windows Vista. We want to make sure that our customers have a good product experience when using Windows Vista. To ensure full compatibility with Windows Vista, customers should be using one of the following listed product releases that have been tested on and support Windows Vista.

• NXJ 12 Windows
• NXJ Developer 12
• NXJ Enterprise 12
• Team Developer
• Team Developer 5.1
• Team Developer 4.2
• Report Builder
• Report Builder 5.1
• Report Builder 4.2
• SQLBase
• SQLBase 11.0
• SQLBase International
• SQLBase 9.0.1
• DataServer Windows 9.0
• VISION 8.5 (scheduled for release in late Spring 08)

NXJ 12 Update
Start today to test NXJ 12 for your Rich Internet and SOA application development needs. See yourself how quickly you can come to speed with powerful AJAX enabled RIA and SOA applications. You can download a trial version of NXJ 12 and the Evaluation Guide here.

• High Performance: Speed up the development, deployment and testing of Rich Internet and SOA Applications. NXJ 12 speeds up the development and deployment process and enables tighter integration with third party application servers.
• GUI Enhancements: Create richer and fast performing SOA and Rich Internet Applications (RIA). NXJ 12 brings enhanced Dojo support for excellent usability and application performance.
• Infrastructure Integration: NXJ 12 is based on Java 1.5 to provide easy integration with enterprise applications and enterprise application server infrastructure.
• Enhanced Optional Reporting (available with NXJ Enterprise): Leverage powerful analytical reporting to create up-to-date business intelligence. Increase and fine tune reporting performance, higher usability and nationalization support.

What's New in NXJ Developer 12
What's New in NXJ Enterprise 12 (BPM and Optional Reporting)

 

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© 2008 Unify Corporation.

Unify has acquired Gupta Technologies, click here to read more.

Unify®, Composer, Unify NXJ®, Team Developer®, and SQLBase® are trademarks or registered trademarks of Unify Corporation in the United States, other countries, or both. All rights reserved.

Linux® is a registered trademark of Linus Torvalds. Microsoft®, Windows®, and SQLWindows® are registered trademarks of Microsoft Corporation. Unicode® is a registered trademark of Unicode, Inc. All other names and trademarks are the property of their respective owners.

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