OutStart, provider of the only proven, content-centric software product family for learning, today announced revenue growth for Q4 2003 of 65% over the same period of 2002, marking OutStart’s 9th consecutive quarter of strong revenue growth. Highlights for 2003 include:
Total revenue in 2003 increased 123% over 2002.
Gross margins grew from 67% in 2002 to 85% in 2003.
Many of the world’s largest, industry leading companies and organizations standardized on OutStart’s technology as a backbone of their learning initiatives, including; Great-West Healthcare, United States Postal Service, Kaiser Permanente, U.S. Customs and Border Protection, AT&T Wireless, Vignette, Australia Defense, Internal Revenue Service, American Stock Exchange, ATX Communications, Science Applications International, and U.S. Navy.
OutStart received several prestigious awards acknowledging its leadership including; InfoWorld 100, Brandon-hall.com Gold Excellence in E-Learning Award, New England Business and Technology 10 Award, Mass Interactive Media Council Award Finalist and Member of the Eduventures 100.
OutStart formed partnerships around the world with companies like Vignette, WebEx, Deloitte, and Solidex.
OutStart launched groundbreaking products including its Evolution Learner Manager LMS, Evolution 4, SoftSim 4 and Studio 2.
“In 2003 we eclipsed other participants in the learning software space,” said Massood Zarrabian, CEO and President of OutStart. “OutStart is distancing itself from others with an integrated product family that makes us very easy to do business with. References, proven scalability, flexibility to meet changing needs and strategy, and superior technology are the top reasons that OutStart has the highest win rate in the industry. We are confident that as other players consolidate and cut expenses, OutStart will grow and build on its stand-alone leadership by continuing to make customers wildly successful,” he said.
“2003 marked another year of strong execution against our business plan and we enter 2004 as the strongest company in our space,” said Dan Kossmann, OutStart’s Chief Financial Officer. “With our customer base of blue chip companies, tremendous sales momentum from 2003 and a significant back log of orders, we look to be the first organization in our space to make money in 2004,” he said.
About OutStart
OutStart provides learning and knowledge-sharing software applications to mid-market, government, and Global 2000 organizations. OutStart customers build competitive advantage by making customers, employees, and partners more knowledgeable and better trained through superior content development, management, and delivery. The company’s approach is learner-focused and content-centric.
OutStart’s award-winning, product family enables people to know exactly what they need to be better at their jobs and to learn when, where, and how they want. Customers like AT&T Wireless, Kaiser Permanente, Steelcase, the US Navy, and Westland Helicopters rely on OutStart to increase individual and organizational performance, improve knowledge transfer, and lower operating costs. Headquartered in Boston, MA, OutStart has offices throughout the US and Europe and can be found on the Web at www.outstart.com
