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Conformia Has Blockbuster Year in 2003
Product, Customer, Business Results Exceed Plan
Redwood City, Calif. February 27, 2004 -Conformia Software Inc., the leader in Product Conformance Management (PCM) software solutions for regulated process industries announced record results for 2003 including:
- Establishment of a new software solutions category Product Conformance Management (PCM).
- Establishment and expansion of global development - a Product Direction Center in Redwood City, California and ISO certified Development Center in Bangalore, India
- Order of magnitude increase in company product license bookings
- Contract with Alcohol Industry (Wine) customers
- Contract with One of the Top Life Sciences Company
- Development, delivery, and deployment of Conformia's WinePro 2.0 PCM solution for the Alcohol industry.
- Development of PCM approach for the Life Sciences industry
- Initial scale up of company management team and industry specific product /domain teams.
- Multiple executions of Conformia "Closed Loop" product development methodology
"2003 was a terrific year for us. The team built some great momentum," said Joe Prang, Chairman and CEO. "We made our initial penetration into both the Life Sciences and the Alcohol industries per our strategic plan. By establishing the Product Conformance Management (PCM) market so quickly and expanding our product deliverables with Conformia WinePro 2.0 we are now poised for sharp growth and customer results in 2004."
The collaboration of the Conformia team with Series A lead investor Sequoia Capital was key to the company’s performance. "The leverage created by the industry veteran leadership at Conformia with Sequoia's extensive support network was evident in the 2003 results," said Sameer Gandhi of Sequoia Capital. "The opportunity for conformance management solutions in regulated industries is very large and we're first to market."
About Conformia Software
Conformia develops and markets Product Conformance Management (PCM) software solutions to regulated, process industries, which enable businesses to simultaneously meet product performance, business performance, and compliance goals. Conformia markets industry specific solutions to the Life Sciences and Alcohol industries. Conformia's solution improves product quality and integrity; enhances operational visibility and traceability; and decreases product and compliance related costs and risks. The company is headquartered in Redwood City, CA.
For more information, please visit www.conformia.com.
Contact:
Anjali Kataria
Conformia Software Inc
1001 Marshall Street, Suite 550
Redwood City, CA 94063
(650) 780-5853
akataria@conformia.com
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