Inmagic Bucks the Economic Trend with Record Revenues and 25% Growth in 2008

WOBURN, Mass.--(BUSINESS WIRE)--Inmagic’s launch of Social Knowledge Networks and the first integrated Social Library has sparked strong demand for Inmagic solutions, resulting in record revenue performance and significant new customer acquisition. Proven leadership in knowledge management and special libraries has led information and special library professionals at companies such as the ACLU, Wyeth Consumer Healthcare, and USAID—in addition to the largest deal in company history—to rely on Inmagic.

“Despite the lagging economy, our 2008 growth shows businesses today want more than what traditional knowledge management platforms can provide. They want to make the most of their current investments in people and information, while achieving both ROI and organizational objectives.”

Inmagic^® Presto and recently launched Inmagic^® Presto for Social Libraries continue to expand at a rapid rate, despite a challenging economy because they can transform libraries from cost centers into productivity hubs—increasing productivity up to 40 percent in many cases. Fueled by capital investments at the end of 2007, Inmagic continues to expand its information publishing, library, and Social Knowledge Management solutions across all channels and product lines.

Over 25 years of leadership in special libraries and an active customer base of more than 5,000 organizations across a range of industries, has positioned Inmagic for continued success as organizations seek to connect top-down, vetted information with bottom-up opinion provided by individuals within the organization. Other achievements from a breakout year for Inmagic include:

• 25% year-over-year total company growth
• 40% year-over-year direct sales growth
• 20% partner growth in indirect channel sales
• 187% growth in sales for the Inmagic Presto Social Knowledge Management platform
• 309% growth in multi-year subscriptions

“We’re hitting an industry hotspot,” says Paul Puzzanghera, President and CEO of Inmagic. “Despite the lagging economy, our 2008 growth shows businesses today want more than what traditional knowledge management platforms can provide. They want to make the most of their current investments in people and information, while achieving both ROI and organizational objectives.”

Contributing to the successful year was the launch of the Inmagic blog and adoption of Presto 3.0 by industry leaders including NASA, Newsweek, The National Endowment for Democracy, R.V. Anderson Associates, and The Lincoln Center for the Performing Arts.

Interest in the socialization of enterprise knowledge management was further validated when more than 1,150 info pros registered for the Social Knowledge Network webinar hosted by Inmagic, The Gilbane Group, and KMWorld Magazine. The webinar, dubbed “New Generation Knowledge Management: Social Knowledge Networks,” showcased trends in social media for businesses, what social knowledge networks are, why they matter, and how they will change corporate libraries and the information professional’s role in the enterprise.

In addition to the company’s flagship product, Presto, demand for Inmagic’s newly bundled Inmagic DB/Text^® Library Suite demonstrated steady growth as well. DB/Text^® Library Suite is a comprehensive Web-based integrated library system (ILS) for smaller libraries on a budget. It’s built on the company’s popular family of library and information management tools, Inmagic^® Genie, DB/Text^® Works, and Web Publisher Pro.

ABOUT INMAGIC, INC.

Inmagic, Inc. has been the industry leader in knowledge management and library automation applications for over 25 years. Today, Inmagic is at the forefront of the move to new generation knowledge management, creating Social Knowledge Networks that combine top-down, vetted information with bottom-up, social “wisdom of the community” to address critical research and business objectives. Over 5,000 companies in 100 countries use Inmagic solutions, including Inmagic^® Presto, Inmagic^® Presto for Social Libraries, and the DB/Text product family, to gain unprecedented insight into customers, markets, competitors, research, intellectual properties, and more. Find out how much your organization really knows. Visit Inmagic at www.Inmagic.com.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

PRESS RESOURCES

Press contacts: Kate Ritchie, 610-642-8253 ext. 162, KateR@GregoryFCA.com

Press room: http://www.inmagic.com/news/press_room.html

RSS feed: http://feeds.feedburner.com/inmagic

Web site: http://www.inmagic.com

Blog: http://blog.inmagic.com

Company fact sheet: http://www.inmagic.com/company/Inmagic-At-A-Glance.pdf

Executive bios: http://www.inmagic.com/company/mgmt.html

Presto 3.0 FAQ: http://www.inmagic.com/products/Presto/Presto_30_FAQ.pdf