M-Tech’s Growth is Attributed to Record Revenue, Expanded Partnerships and Multiple User Provisioning Deployments
January 3, 2006 (Press Release) --
Calgary, AB – January 3, 2006 – M-Tech Information Technology Inc, a leading provider of identity management (IdM) solutions, is pleased to announce record results for calendar 2005. Increased demand for M-Tech’s user provisioning and regulatory compliance solutions and expansion of M-Tech’s partner network have fueled record growth in licenses of the M-Tech Identity Management Suite™.
In 2005, M-Tech’s revenue increased by 50%, marking the 52nd consecutive profitable quarter for M-Tech. Market leading technologies, best-in-class customer support and rapid deployments have all contributed to M-Tech’s leadership position in the IdM sector.
While revenue growth in 2005 was supported by significant headcount growth, M-Tech continues to seek talented individuals to join its team. “We are delighted with M-Tech’s results for 2005,” says Gideon Shoham, M-Tech CEO. “We are confident that this momentum will continue into 2006 and 2007, and we are growing our team to support the anticipated expansion. M-Tech is committed to providing our customers with the most complete, flexible and deployable IdM solutions while maintaining superb customer support,” added Shoham.
The percentage of revenue generated with partners continued to grow in 2005. Managed service providers in particular have become a more significant contributor to M-Tech’s revenues. Major MSPs such as CSC, EDS, Northrop Grumman, Compucom and Cap Gemini, all chose M-Tech’s solutions as they offer the lowest TCO and fastest return on investment!
During 2005, M-Tech signed up over 100 new customers and is now helping over 550 organizations meet regulatory requirements and lower user provisioning and support administration costs. Organizations that licensed M-Tech products in 2005 include Amerisource, Central Parking Corporation, Embry Riddle Aeronautical University, GSA, Hospira, Independence Blue Cross, Kuoni Travel, McAfee Inc., Nisource, Princeton University, Swift and Company, and Sybase Inc.
In 2005, M-Tech also reached a number of important product development milestones by releasing:
• ID-Synch 4.0, including new connectors, an overhauled user interface, improved workflow and tighter suite integration.
• P-Synch/SSO™, M-Tech’s unique and low-cost enterprise single sign-on system, in beta version.
• ID-Org®, which helps organizations to efficiently and reliably build and maintain orgcharts – required for many other identity management functions.
About M-Tech Information Technology, Inc.
M-Tech is a leading provider of identity management solutions for the enterprise. The M-Tech Identity Management Suite combines ID-Synch® for user provisioning, P-Synch® for password management, ID-Certify® to provide regulatory compliance, ID-Access® for self-service resource access, ID-Telephony® for telephone password reset and ID-Discover® for account cleansing and reconciliation. Combined, these products offer a comprehensive integrated identity management solution for mid-sized organizations to global enterprises. M-Tech is the only identity management software vendor to consistently prove an ROI in three to six months.
For more information on M-Tech and its products, please visit mtechIT.com or call 403.233.0740.
M-Tech Contact
Katherine Burnie
403.233.0740 ext 257
Katherine_Burnie@mtechIT.com
Media Contact
Christian Darbyshire
403.245.8550
tinepublic@shaw.ca
2006 M-Tech Information Technology, Inc. All rights reserved. M-Tech, M-Tech IDM Suite, M-Tech Identity Management Suite, P-Synch, ID-Synch, ID-Access, ID-Discover, ID-Telephony, ID-Certify and AdMax, are trademarks or registered trademarks of M-Tech Information Technology, Inc. in the United States, Canada, and all other countries. All other marks, symbols and trademarks are the property of their respective owners.
In 2005, M-Tech’s revenue increased by 50%, marking the 52nd consecutive profitable quarter for M-Tech. Market leading technologies, best-in-class customer support and rapid deployments have all contributed to M-Tech’s leadership position in the IdM sector.
While revenue growth in 2005 was supported by significant headcount growth, M-Tech continues to seek talented individuals to join its team. “We are delighted with M-Tech’s results for 2005,” says Gideon Shoham, M-Tech CEO. “We are confident that this momentum will continue into 2006 and 2007, and we are growing our team to support the anticipated expansion. M-Tech is committed to providing our customers with the most complete, flexible and deployable IdM solutions while maintaining superb customer support,” added Shoham.
The percentage of revenue generated with partners continued to grow in 2005. Managed service providers in particular have become a more significant contributor to M-Tech’s revenues. Major MSPs such as CSC, EDS, Northrop Grumman, Compucom and Cap Gemini, all chose M-Tech’s solutions as they offer the lowest TCO and fastest return on investment!
During 2005, M-Tech signed up over 100 new customers and is now helping over 550 organizations meet regulatory requirements and lower user provisioning and support administration costs. Organizations that licensed M-Tech products in 2005 include Amerisource, Central Parking Corporation, Embry Riddle Aeronautical University, GSA, Hospira, Independence Blue Cross, Kuoni Travel, McAfee Inc., Nisource, Princeton University, Swift and Company, and Sybase Inc.
In 2005, M-Tech also reached a number of important product development milestones by releasing:
• ID-Synch 4.0, including new connectors, an overhauled user interface, improved workflow and tighter suite integration.
• P-Synch/SSO™, M-Tech’s unique and low-cost enterprise single sign-on system, in beta version.
• ID-Org®, which helps organizations to efficiently and reliably build and maintain orgcharts – required for many other identity management functions.
About M-Tech Information Technology, Inc.
M-Tech is a leading provider of identity management solutions for the enterprise. The M-Tech Identity Management Suite combines ID-Synch® for user provisioning, P-Synch® for password management, ID-Certify® to provide regulatory compliance, ID-Access® for self-service resource access, ID-Telephony® for telephone password reset and ID-Discover® for account cleansing and reconciliation. Combined, these products offer a comprehensive integrated identity management solution for mid-sized organizations to global enterprises. M-Tech is the only identity management software vendor to consistently prove an ROI in three to six months.
For more information on M-Tech and its products, please visit mtechIT.com or call 403.233.0740.
M-Tech Contact
Katherine Burnie
403.233.0740 ext 257
Katherine_Burnie@mtechIT.com
Media Contact
Christian Darbyshire
403.245.8550
tinepublic@shaw.ca
2006 M-Tech Information Technology, Inc. All rights reserved. M-Tech, M-Tech IDM Suite, M-Tech Identity Management Suite, P-Synch, ID-Synch, ID-Access, ID-Discover, ID-Telephony, ID-Certify and AdMax, are trademarks or registered trademarks of M-Tech Information Technology, Inc. in the United States, Canada, and all other countries. All other marks, symbols and trademarks are the property of their respective owners.
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