GrammaTech Achieves Record Revenue in 2008
120% increase in CodeSonar sales is testament to strength of flagship product and sales execution.
San Jose, CA, March 07, 2009 --(PR.com)-- GrammaTech Inc., a leading manufacturer of source-code analysis tools, today announced that it achieved record revenue in 2008. Much of the growth was fueled by CodeSonar sales, which more than doubled.
“2008 was a great year for us”, said Tim Teitelbaum, CEO of GrammaTech. “Like everyone else, we are somewhat concerned about the economy going into 2009, but we are also encouraged by the fact that Q4 2008 was our best quarter ever. We are continuing to invest aggressively in CodeSonar, and we are working on a number of sales-related initiatives to expand the business.”
As part of a strategy to expand European sales, GrammaTech recently signed a distribution agreement with Logic Technology. Logic Technology is a strong player in the European market for embedded software and debugging tools, offering a wide variety of products. The customer base includes many multi-national companies, as well as many small- and medium-sized companies developing embedded products. Under the agreement, Logic Technology will sell and support CodeSonar within Central Europe.
CodeSonar is a sophisticated static-analysis tool that performs a whole-program, interprocedural analysis on code and identifies complex programming bugs that can result in system crashes, memory corruption and other serious problems. CodeSonar has long been the software-analysis tool of choice for companies working on mission-critical applications like satellites, avionics, industrial controls and medical devices. Companies outside the safety-critical space are also adopting CodeSonar to improve software reliability and security. This includes organizations developing software for wireless devices, networking equipment and consumer electronics.
About GrammaTech
GrammaTech’s static-analysis tools are used worldwide by startups, Fortune 500 companies, educational institutions, and government agencies. The staff includes ten PhD-level experts in programming languages and program analysis. The privately-held company has offices in Ithaca, New York, and San Jose, California. More information about GrammaTech can be found at www.grammatech.com.
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The URL for this release is located at: http://www.grammatech.com/news/2009/releases/03-03-09.html
North American Sales Contact: GrammaTech, Inc., 960 Saratoga Ave., Suite 113, San Jose, CA 95129, Tel. 408-246-9100, Email: info@grammatech.com, Website: www.grammatech.com.
International Sales Contacts:
UK and Scandinavia: Scientific Computers Ltd, Jubilee House, Jubilee Walk, Three Bridges, Crawley, West Sussex, RH10 1LQ, UK, Tel: +44 (0)1293 403636, Email: info@scl.com.
The Netherlands and Central Europe: Logic Technology, JF. Kennedylaan 18, 5981 XC Panningen, The Netherlands, Tel: +31 77 3078438, E-mail: info@logic.nl.
France: ISIT, 8 Av. Jean Mermoz, Bât. Les Diamants, 31770 Colomiers, France,
Tel: +33 (0)5 61 30 69 00, Email: isit@isit.fr.
Japan: A.I. Corporation, Iijima Bldg, 2-25-2, Nishigotanda, Shinagawa-ku, Tokyo, 141-0031, Japan, Tel: +81-3-3493-7981, Email: sales@aicp.co.jp.
Korea: MDS Technology Co., Ltd., 15F., Kolon Digital Tower Billant, Guro3-dong, Guro-gu, Seoul, Korea, 152-777, Tel: +82-2-2106-6000, Email: grammatech@mdstec.com.
Media Contact:
Barbara Stewart
Patterson & Associates
480-488-6909
barbara@patterson.com
“2008 was a great year for us”, said Tim Teitelbaum, CEO of GrammaTech. “Like everyone else, we are somewhat concerned about the economy going into 2009, but we are also encouraged by the fact that Q4 2008 was our best quarter ever. We are continuing to invest aggressively in CodeSonar, and we are working on a number of sales-related initiatives to expand the business.”
As part of a strategy to expand European sales, GrammaTech recently signed a distribution agreement with Logic Technology. Logic Technology is a strong player in the European market for embedded software and debugging tools, offering a wide variety of products. The customer base includes many multi-national companies, as well as many small- and medium-sized companies developing embedded products. Under the agreement, Logic Technology will sell and support CodeSonar within Central Europe.
CodeSonar is a sophisticated static-analysis tool that performs a whole-program, interprocedural analysis on code and identifies complex programming bugs that can result in system crashes, memory corruption and other serious problems. CodeSonar has long been the software-analysis tool of choice for companies working on mission-critical applications like satellites, avionics, industrial controls and medical devices. Companies outside the safety-critical space are also adopting CodeSonar to improve software reliability and security. This includes organizations developing software for wireless devices, networking equipment and consumer electronics.
About GrammaTech
GrammaTech’s static-analysis tools are used worldwide by startups, Fortune 500 companies, educational institutions, and government agencies. The staff includes ten PhD-level experts in programming languages and program analysis. The privately-held company has offices in Ithaca, New York, and San Jose, California. More information about GrammaTech can be found at www.grammatech.com.
###
The URL for this release is located at: http://www.grammatech.com/news/2009/releases/03-03-09.html
North American Sales Contact: GrammaTech, Inc., 960 Saratoga Ave., Suite 113, San Jose, CA 95129, Tel. 408-246-9100, Email: info@grammatech.com, Website: www.grammatech.com.
International Sales Contacts:
UK and Scandinavia: Scientific Computers Ltd, Jubilee House, Jubilee Walk, Three Bridges, Crawley, West Sussex, RH10 1LQ, UK, Tel: +44 (0)1293 403636, Email: info@scl.com.
The Netherlands and Central Europe: Logic Technology, JF. Kennedylaan 18, 5981 XC Panningen, The Netherlands, Tel: +31 77 3078438, E-mail: info@logic.nl.
France: ISIT, 8 Av. Jean Mermoz, Bât. Les Diamants, 31770 Colomiers, France,
Tel: +33 (0)5 61 30 69 00, Email: isit@isit.fr.
Japan: A.I. Corporation, Iijima Bldg, 2-25-2, Nishigotanda, Shinagawa-ku, Tokyo, 141-0031, Japan, Tel: +81-3-3493-7981, Email: sales@aicp.co.jp.
Korea: MDS Technology Co., Ltd., 15F., Kolon Digital Tower Billant, Guro3-dong, Guro-gu, Seoul, Korea, 152-777, Tel: +82-2-2106-6000, Email: grammatech@mdstec.com.
Media Contact:
Barbara Stewart
Patterson & Associates
480-488-6909
barbara@patterson.com
Contact
GrammaTech, Inc
Barbara Stewart
480-488-6909
www.grammatech.com
Beverly Wykoff
beverly@patterson.com
Barbara Stewart
480-488-6909
www.grammatech.com
Beverly Wykoff
beverly@patterson.com
Contact
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