FOR IMMEDIATE RELEASE:
(of interest to editors covering:
Software, VAR/Integration, Business Growth, Okla. Business)
HostBridge(R) Technology Reports Record Revenues in 2008
Strategic Investment and Key Partnerships Position the Company for Future
Growth
STILLWATER, Okla., April 16, 2009 (SEND2PRESS NEWSWIRE) -- HostBridge(R)
Technology, a leading provider of software that integrates mainframe data and
applications with the latest web programs and other enterprise information
systems, reported that 2008 was its second consecutive year of record annual
revenues and income.
The company achieved this growth as a result of a 69 percent increase in
revenues from new licenses of its flagship HostBridge software product to
Fortune 500 customers in banking and finance, insurance, manufacturing,
computer technology, and other sectors.
"Our 2008 results are directly attributable to the functionality and value of
our products," said Russ Teubner, HostBridge CEO. "We continue to earn the
business of top-tier customers because they trust us to meet their toughest
mainframe integration challenges. HostBridge products make it possible for
customers to integrate and reuse their most valuable information assets for
far less than it would cost to migrate away from the mainframe or rewrite
mainframe software. Our customers often achieve payback in less than a year
and continue to realize significant savings over many years."
"Our growth in 2008," Teubner added, "means we will also continue to invest
heavily in research and development so we can help current and future
customers achieve higher returns from the integration of critical mainframe
resources."
Using HostBridge products, enterprises rapidly extend mainframe access to
thousands of new users; modernize mainframe applications with rich web
interfaces for employees, partners, and customers; and integrate critical
mainframe data and business logic with virtually any other system. When they
implement HostBridge, customers increase workforce productivity, streamline
processes, cut costs, and achieve new returns on their most trusted system
investments.
On the partner front in 2008, HostBridge Technology continued to work closely
with IBM and was accepted in the IBM Ready for Rational program. This strong
partnership helps ensure that HostBridge products will continue to exploit
IBM's best and latest technologies and that the companies' mutual customers
will continue to add value to and improve returns on their mainframe assets.
IBM and HostBridge kicked off 2009 with announcements of parallel new products
and with an ongoing series of joint marketing activities.
HostBridge also became a Google Enterprise Partner in 2008. By combining the
Google Enterprise Portal and HostBridge mainframe integration, this
partnership promises to allow HostBridge to bring the power of the Google
Search Appliance to mainframe information assets. In addition, HostBridge
strengthened its partnership with CA, ensuring that enterprise customers with
CA Ideal(TM), CA Telon(R), CA IDMS(TM), or CA Gener/OL(TM) environments will
continue to benefit from HostBridge integration capabilities.
Through its partner programs and R&D investments, HostBridge Technology is
taking a leading role in integrating mainframe resources with emerging
technologies, including Web 2.0 and enterprise search, and positioning itself
for continued growth in 2009 and beyond.
About HostBridge Technology
HostBridge Technology provides software for enterprises that rely on IBM
System z mainframe systems and applications. Our patented products deliver
mainframe data as XML documents and web services, enabling organizations to
extend mainframe access to more users, modernize legacy applications with
feature-rich web interfaces, and integrate mainframe data and business logic
with other information systems. Founded in 2000, HostBridge Technology has
built a reputation for solving the hardest integration problems. Among its
loyal customers, HostBridge counts some of the largest companies in the U.S.
and the world.
For more information, visit www.hostbridge.com.
All trademarks and service marks are the property of the respective parties.
Send2Press(R) is the originating wire service for this story, Copr. 2009.
NEWS SOURCE: HostBridge Technology
# # #
// RELEASE END //
MEDIA ONLY CONTACT(S):
[ contact info below not for publication online or in print ]
Bill Hinton, CFO
HostBridge Technology
bill.hinton @ hostbridge.com
+1-405-533-2900
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APRIL 2009 Press Release
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cics integration, mainframe integration, information technology, HostBridge
technology, web services, financial results, host bridge, service oriented
architecture