PrismTech Announces Highlights for Past Year

PrismTech(TM), a leader in high-performance middleware and development tools, announced that it ended its Fiscal Year (ending March 2007) with more than 200 contract “wins”. The company’s overall growth met high corporate expectations and was enabled by numerous marquee contract wins and upgraded renewals. In addition, PrismTech continued to invest heavily for future growth with significant enhancements to its product suites, and key additions to its executive and technical staff.

A key factor in the company’s best year to date was new business with prime contractors within the military / aerospace / government (MAG) sector and leading OEMs in commercial telecoms.

“This clearly was an outstanding and pivotal year for PrismTech, one in which we accomplished several key performance milestones and set the stage for continued growth in the years ahead,” said Steve Jennis, Senior Vice President, Corporate Development. “There is no secret to our success. R&D investments the company has made over recent years are now paying dividends through new products and their rapid acceptance by leading SIs, ISVs and OEMs in our target markets. We are addressing higher growth markets, providing more complete solutions, and offering more product differentiation than ever before.”

PrismTech’s, OpenFusion(R) CORBA(R) and OpenSplice(TM) DDS product lines continue to be enhanced to provide QoS-enabled, carrier-grade middleware for the most demanding integration challenges in SOA-based net-centric systems: such as in defense C4I, telecom networks and complex event-driven enterprise systems. PrismTech’s Spectra(TM) Software Communications Architecture (SCA) products continue to provide the most complete software-defined radio (SDR) environment for MAG radio OEMs. Furthermore all of PrismTech’s middleware lines comply with proven open standards and are supported by highly-productive, Eclipse-based, model driven development tools. These enhanced product suites continue PrismTech’s tradition of providing best-in-class software development and deployment solutions for its customers; numerous Fortune ‘Global 500′ companies, such as: Alcatel-Lucent, CISCO, Ericsson, Nokia Siemens Networks, Samsung, Boeing, EADS, Lockheed Martin, Raytheon, Rockwell Collins, Selex and Thales.

The company also added several key executives and technical experts to its management team, including Professor Douglas Schmidt as CTO – a leading authority on distributed, Real-time and embedded computing.

Finally, PrismTech continued to raise its profile in its target markets and relevant international standards initiatives with ongoing activity in the OMG, NCOIC and SDR Forum for MAG markets, and with the SCOPE Alliance and TeleManagement Forum for commercial telecom markets.

About PrismTech
PrismTech is an acknowledged leader in the provision of high performance middleware and tools that help developers of standards-based, carrier-grade systems to: minimize time-to-market, reduce costs, and enhance QoS. The Company provides solutions for applications ranging from net-centric enterprise integration to embedded real-time systems, in markets such as Telecom OSS, Defence C4I, and Software-Defined Radio. PrismTech’s customers constitute an impressive list of major systems integrators, network equipment providers and other OEMs, including many Fortune Global 500 companies. PrismTech was founded in 1992 and is a privately-held group with US operations based in Boston, MA and Saddle Brook, NJ, and European operations in the UK, Germany, The Netherlands and France.

CORBA is a registered trademark of the Object Management Group, Inc in the U.S. and other countries. OpenFusion, OpenSplice, and Spectra are trademarks or registered trademarks of PrismTech.