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SAN CARLOS, Calif. – September 23, 2007 – Today, Jolly Technologies, the world’s #1 identity software company, announced record quarterly revenues, profits and license sales. Revenue for Q2, 2008 was up 169% compared to Q2, 2007. Profits quadrupled over the same periods, new licenses doubled.
“A lot of positive moves are paying off,” said Sandeep Jolly, President, Jolly Technologies.
“Our new product line, launched in May of this year, achieved immediate success. Breaking Print Studio 2E into two distinct products, ID Flow and Label Flow, has had the desired price segmentation effects.”
“Lobbytrack has instantly shaken up the visitor management market with capabilities and features never before seen.”
“We completed reinvented our website, bolstered our messaging and diversified our vertical reach. The result has been a tremendous increase in productive visits per day.”
“Our OEM business continues to expand, with three major deals transacting in Q2 and a growing pipeline of opportunities.”
“It also seems that our maturing channel market recognizes the significant technology gap between our products and the rest of the field. That really showed in our channel numbers last quarter.”
“Above all, we believe the market is simply responding to our technological innovation, “continued Sandeep Jolly. “We have added and refined features that play to our strengths: seamless data integration, stylish design and production optimization.”
In recent moves, Jolly has made significant price adjustments to differentiate ID Flow and Lobbytrack and to encourage upgrades. Jolly continues to invest in development, sales and marketing, with headcount additions in each area.
Jolly has further boosted its productivity and quality index by shutting down Indian operations and shifting all development back to the United States.
“Bringing R&D back to the U.S. has given us much faster development cycles,” says Sandeep Jolly. “We are now able to respond to market trends at an extremely fast rate.”
Q3 will see further research and development– specifically finalizing the Kiosk, advance-registration and SQL portions of Lobbytrack. Jolly will physically expand into Europe for the first time and is soon to launch additional language editions.”
About Jolly Technologies
Jolly Technologies, founded in 2000, develops and distributes a suite of secure identification software products, including ID Flow, the world's #1 identification software, Lobbytrack visitor/entry tracking system, access control software, and a variety of other custom security products. As the recognized leader in the rapidly growing secure identification market, Jolly Technologies is partnered with the industries largest hardware manufacturers to offer complete solutions through our channel partners. Based in San Carlos, California, Jolly Technologies is one of the world's fastest growing software companies. For more information, visit www.jollytech.com or call toll-free 1-888-25-JOLLY.
© 2007 Jolly Inc. All rights reserved. All other trademarks are the property of their respective owners.