Asia PR News

RALEIGH, N.C., April 27 /PRNewswire-AsiaNet/ –

Record Revenue and Bookings, Continued Profitability Built
on Robust Channel, Expanded Technology, and Surging Market
for Enterprise Application Modernization Solutions

Relativity Technologies, Inc., the leading provider of Enterprise
Application Modernization solutions, today announced that its financial results
for the first quarter of 2006 have again risen to the highest level in the
company’s history. Increased demand among leading businesses, government
organizations, system integrators, and outsourcers for the powerful
Modernization Workbench(R) software platform have spurred the growth.

"Every organization is striving to derive greater business value and
flexibility from the applications that automate and control their core
operations. As a result, the market for Relativity Technologies’ Enterprise
Application Modernization (EAM) solutions is red-hot and accelerating," said
Steve Maysonave, chairman, president, and CEO of Relativity Technologies. "The
EAM market’s size and its standardization on the Modernization Workbench as
the software platform of choice, has driven the impressive growth we’ve seen
to date. We expect this trend to continue as we aggressively expand our team,
technology, partnerships, and geographic base."

- New Record for Revenues and Bookings: Year-over-year metrics clearly
demonstrate Relativity Technologies’ success. Quarterly revenues were
96% higher than those of Q1 2005. Bookings were up 49% versus the same
period last year. Building on two years of momentum, the first quarter
of 2006 saw revenue grow 10% over the fourth quarter of 2005, which
was itself the previous record.
- Client Base Expands: Relativity Technologies added 20 new clients
during the first three months of 2006, helping to solidify another
profitable quarter.
- Standardization on the Modernization Workbench: The Modernization
Workbench is increasingly being integrated into centers of excellence
of the world’s largest technology providers. As services companies
expand their EAM practices they are increasingly relying on the
Modernization Workbench to efficiently execute complex initiatives
like sustaining engineering and modernization of business-critical
applications. Compelling ROI results, robust technical capacities, and
the ability to integrate the software platform into partners’ ongoing
processes have encouraged this standardization on Relativity
Technologies.
- Growth Mode Continues: To build on this trajectory, Relativity
Technologies continues to expand its hiring program targeted at sales
and technical positions. To view selected openings, please visit
www.relativity.com/careers.

About Relativity Technologies, Inc.
Relativity Technologies’ software solutions drive down the cost and
accelerate the understanding, modernization, management, and maintenance of
enterprise applications. The Modernization Workbench(R) serves as a platform
for organizations to address critical business challenges such as increased IT
productivity, outsourcing management, risk reduction, regulatory compliance,
and SOA enablement of business-critical applications. Founded in 1997 and
based in Raleigh, NC, Relativity Technologies provides its Enterprise
Application Modernization solutions to over 250 Global 2000 companies,
outsourcers, system integrators, and government organizations — including
financial institutions and multiple BlueCross and BlueShield companies. For
more information, please visit www.relativity.com

SOURCE: Relativity Technologies, Inc.

CONTACT: Peter Mollins of Relativity Technologies,
+1-919-786-2866, or
peter.mollins@relativity.com

Web site: http://www.relativity.com
http://www.relativity.com/careers