1/25/2006 - I-Logix announced that the company's bookings for 2005 exceeded 2004 by 43% for Q4 and by 35% for the full year, making 2005 the most successful year in the company's history. License bookings for the company's flagship UML/SysML Model-Driven Development environment Rhapsody were up 98% in Q4 2005 as compared to Q4 2004. Rhapsody total revenue grew 42% for the full year and 50% in the fourth quarter as compared to the prior year.
I-Logix momentum is stronger than at any other time in its history; orders above $100,000 in 2005 doubled those of 2004 with annual shipped seats for Rhapsody increasing 33% in 2005 as compared to 2004. The company also doubled the number of new customers in 2005 and closed the year with a record cash balance and the best profit performance in its history.
In Q4 2005, I-Logix closed several orders in key industry sectors, for both new business and reorders from existing users such as Lockheed Martin, Northrup Grumman, Raytheon, BAE Systems, Eurocopter, L3 Communications, Rockwell Collins, Thales Avionics SAE, Fujitsu, Siemens VDO and Audi. The company overachieved in all geographic segments with extraordinary performance in the Japanese market where sales grew by 79% as compared to 2004.
"By every measure, financial or otherwise, I-Logix is stronger and more successful than at any other time in its history," Gene Robinson, CEO I-Logix, said. "Rhapsody is the fastest growing MDD environment in the embedded systems and software development space, with record levels of sales across multiple verticals and in all geographies, reinforcing Rhapsody's dominance in the marketplace," Robinson added.
Founded in 1987, I-Logix is the worldwide leading provider of Collaborative Model-Driven Development (MDD) solutions for systems design through software development focused on real-time embedded applications. These solutions allow engineers, in either small or very large distributed teams, to graphically model the requirements, behavior, and functionality of embedded systems. The design is iteratively analyzed, validated, and tested throughout the development process while automatically generated production quality code can be output in C, C++, Ada or Java languages. I-Logix solutions based on UML, SysML and DoDAF standards allow users to shorten development cycles, improve quality, reduce cost and increase productivity. Using I-Logix products, customers report productivity improvements of more than 30% upon initial deployments and up to 70% with reuse.
I-Logix is headquartered in Andover, Massachusetts and has sales and support centers throughout North America, Europe and the Far East.
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