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GX Reports Excellent Fiscal Year 2008 Results and doubles software bookings

GX doubles software bookings and continues profitability

Nijmegen/Boston, February 20, 2009 – Today GX reported financial results for its full 2008 fiscal year showing strong license revenue growth, profitability and an increasing number of partners, professional community developers and customers.

A leading platform vendor for Enterprise Web Content Management, GX reports the following successes in 2008:

•Started and grew a professional developer community with over 1000 members,
•Introduced a Community Edition that has been downloaded over 5.000 times;
•Expanded functionality in the form of exchangeable web component bundles;
•Increased its number of partnerships;
•Expanded this presence to North America;
•Grew software bookings by 118% compared to fiscal year 2007;
•Won significant new customers in multiple industries.

“In 2008 the adoption of our Web Content Management platform grew tremendously exceeding our goals” said Bart Heilbron, Chief Commercial Officer, GX. “The growth of our professional ecosystem, the number of customer deployments and new component bundles show that our open business model and innovative extendible platform is highly attractive for organizations focusing on online traffic and conversion and is an excellent alternative for traditional custom or legacy web content management systems. Despite the economic downturn, we managed to drive both revenue and profitability”.

The number of customers served in 2008 increased in GX key segments such as Finance (ING, Achmea, DSB bank), Government (National Dutch Police Force, University of Maastricht, Municipality of The Hague), Media & Publishing (SBS Broadcasting, Sanoma, Elsevier) and Telecom and Manufacturing (KPN, Van der Lande Industries, Vogels, Ricoh Nashuatec).

The financial year 2008 saw also the launch of GX’s Video, Rich Expercience Engine, and Mobile Web products and new functionality and integrations including the first available Google Analytics API integration of its kind. All new products were released as exchangeable web component bundles.