OutStart, the leading provider of eKnowledge software solutions for learning and knowledge-sharing, today announced that the company achieved an operating profit and a positive cash flow for the fifth straight quarter. Additionally, OutStart’s software license fees increased by more than 60 percent, contributing to strong revenues for the first quarter of 2007.
“The first quarter of 2007 proved to be another measurably successful one for OutStart and we are thankful to our customers and partners for their support of our company and our products,” said Massood Zarrabian, CEO and president of OutStart. We look forward to this year as we deliver new and innovative solutions, sign strategic partnerships, and expand market presence.”
Additional First Quarter highlights include:
- Added 34 new companies to OutStart’s growing list of world class customers.
- Expanded international presence by creating OutStart GmbH in Germany.
- Recognized as a Leader and outperformer in Bersin & Associates’ LMS Customer Satisfaction Study.
- Recognized by Elearnity as Significant Vendor in European LCMS Market.
About OutStart
OutStart software powers formal and on-demand learning, knowledge sharing and community/expert collaboration solutions that enable knowledge workers – employees, partners, and customers – to perform their roles far more efficiently and effectively. Autodesk, British Telecom, Caremark, Kronos, Motorola, NextGen, Steelcase, TravelClick, , the U.S. Navy, Verizon Wireless and others rely on OutStart to increase individual and organizational performance, improve knowledge transfer and lower operating costs. Located in Boston, Mass., OutStart has offices throughout the US and Europe and can be found on the web at www.outstart.com.
