M-Tech Completes Another Successful Quarter
40% Increase in Sales Over Q1/2002
Calgary, Canada - May 1, 2003 - M-Tech Information Technology, Inc., the leading provider of identity management solutions, today announced results for Q1/2003. Sales for the quarter increased by over 40% as compared to Q1/2002. M-Tech has seen consistent sales growth over the last seven consecutive quarters. "M-Tech's continuous growth demonstrates our solid leadership in the identity management market," said Gideon Shoham, President and CEO of M-Tech. "We maintained strong momentum with Fortune 500 and Global enterprise organizations this quarter. M-Tech has been profitable since inception and will remain so as we continue to increase both market share and revenues." A sample of new client wins this quarter includes:
- Abbott Laboratories, one of the world's top health care companies today.
- Alcan, Inc., a global leader in aluminum and packaging.
- BASF, the world's leading chemical company.
- Pitney Bowes, the leading provider of integrated mail and document management systems, services and solutions.
- Sabre Holdings, a world leader in travel commerce.
- BEA Systems, the world's leading application infrastructure software company.
- Invesco UK Ltd, the second largest independent fund management company in the United Kingdom.
- University of Alaska, the largest university in the state of Alaska.
M-Tech is always striving to meet customer demands and is committed to delivering new product releases incorporating additional features and functionality on an ongoing basis. Continuing this practice in Q1/2003, M-Tech announced the availability of ID-Synch v1.2 and the upcoming release of ID-Synch v2.0.
"Today's enterprises and other large organizations require effective identity management processes and technology, to cope with an explosion of systems and accelerated organizational change," said Shoham. "M-Tech solutions continue to demonstrate that flexible, deployable identity management is here, is easy to deploy, and provides significant cost and security benefits."
About M-Tech Information Technology, Inc.
M-Tech is a leading provider of identity management solutions. M-Tech's solutions streamline both password and access management processes, giving organizations a quick ROI and improved security. M-Tech's product suite has a wide range of licensed users ranging from mid-sized companies to global enterprise installations with hundreds of thousands of users. M-Tech is the only identity management software vendor to consistently prove an ROI in three to six months.
M-Tech's customers include Avon, Bank of America, Bristol-Myers Squibb, Cisco, eBay, Ford Motor Company, Intel, Kimberly-Clark Corporation, Merck MetLife, NCR Corporation, Pfizer, Pitney Bowes, Sears, Shell, Symantec, Wells Fargo and many more.. For more information on M-Tech and its products, please visit Hitachi-ID.com call 1.403.233.0740.
Hitachi ID Systems, Inc.
500, 1401 1st Street S.E
Calgary, AB T2G 2J3
1.403.233.0740 ext. 324