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HiSoftware Announces Best Year Ever in Fiscal 2006

Global provider of automated Web governance and regulatory content compliance solutions reports record growth through key strategic initiatives

Nashua, NH – February 26, 2006 – HiSoftware (www.hisoftware.com), a leading provider of software, services and managed operation solutions that monitor and optimize Web content, quality and regulatory compliance, today announced that it closed out its fiscal year on December 31, 2006, with the highest revenue in its eight-year history. The company’s solutions empower content developers, Web site architects, and executives to work collaboratively to create and manage corporate Web standards for accessibility, privacy, security, search engine optimization (SEO), site quality and performance, branding, competitive intelligence, and application transaction testing.

In a statement to company staff and shareholders, HiSoftware president and CEO Kurt A. Mueffelmann said, “HiSoftware has achieved some remarkable customer acquisitions, product releases, channel expansion and financial results in fiscal 2006.” He continued, “HiSoftware has realized increased growth by greater than 200 percent over the prior year, and we now serve more than 4,000 customers globally.”

2006 Highlights –

  • Major customer acquisitions in 2006 included leading US banking institutions, a major international mobile phone manufacturer for privacy compliance, national retail chains for accessibility compliance, several US federal agencies and international governments.
  • Introduced two major product releases: Software as a Services (SaaS) offering of AccMonitor®, the company’s automated content compliance platform, and Site Quality Module v10.0, an automated solution for monitoring and testing structural and content issues on Enterprise Web sites.
  • Opened new offices in Washington, DC to better serve customers in the US Federal Government, and an office in Paris, France to help address the company’s growing international demand in Europe, Middle-East and Africa (EMEA) markets as well as staff additions to support these operations. Additionally, the company opened an Australian development office to assist with the rapid acceptance of the company’s products.
  • Expanded several key strategic alliances including a new software as a services solution in conjunction with HP’s Web Governance team and continued growth with Microsoft through Trustworthy Computing (Privacy / Accessibility), Federal Channels and various integrated product releases including Windows Vista, SharePoint® and Office® 2007.

“Finally, I would like to thank our valued team for their efforts over the past year,” Mueffelmann continued, “We have established major branding and positioning initiatives, and assembled a top-flight executive team to help execute our strategic growth and expansion into new markets this year. HiSoftware is poised to continue our momentum in fiscal 2007 as a leading supplier in the Web Governance and Regulatory Compliance Management space.”

About HiSoftware

Founded in 1998, HiSoftware is a leading provider of software, services, and On-Demand solutions that test, repair, monitor and enforce Web content, quality, and regulatory compliance. The company’s solutions empower content developers, Web site architects, and executives to work collaboratively to create and manage corporate Web standards for accessibility, privacy, security, search engine optimization (SEO), site quality and performance, branding, competitive intelligence, and application transaction testing. HiSoftware’s customers boast many of the world’s largest public and private sites including US and international government agencies and Global 2000 companies such as Gateway, HP, California State University, US Department of Transportation and Microsoft Government. For more information about HiSoftware visit www.hisoftware.com.

Media Contact
Irena Mroz
HiSoftware
+1.603.578.1870
irena@hisoftware.com

HiSoftware, AccMonitor and Site Quality module are trademarks of Hiawatha Island Software Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders.