Propel Continues to Gain Sales and Revenue Momentum
Sales Tripled Month to Month in Q1 Exceeding Projections
SAN JOSE, Calif., April 5, 2005 - Propel Software Corporation (www.propel.com), a market leader in Internet acceleration solutions, today announced it has exceeded sales and revenue projections for the first quarter ending March 31, 2005. From January to March, sales have tripled month to month, validating market acceptance of Propel Accelerator 5.0 launched earlier this year and market demand for acceleration solutions.
"This marks a significant turning point for Propel," stated Peter Moulds, vice president of worldwide sales for Propel. "Not only do we see Propel Accelerator 5.0 sales growing, but we continue to see international sales making a larger contribution to the overall revenue stream. The market opportunity is strong and steady, and we see no slowdown in sight."With the growing number and popularity of wireless hotspots and increased demand for delivering 2.5G and 3G high-speed data to mobile professionals, Propel's acceleration solutions deliver striking performance improvements in these environments as well as to low-speed DSL and dial-up connections. Propel Accelerator 5.0 features a significant increase in overall Internet acceleration. Using a proprietary implementation of wavelet compression technology and other new acceleration techniques, Propel Accelerator 5.0 consistently delivers better looking images at equivalent levels of acceleration as compared to competitors.
"Propel's award winning acceleration solutions make it an extremely viable choice for ISP's looking to differentiate their services," said Seeby Woodhouse, CEO and founder of Orcon Internet, based in Auckland, New Zealand (www.orcon.net.nz ). "We chose Propel over the competition because of their superior product and exceptional support. Our customers' demand for acceleration solutions continues to grow, and they now have an enhanced Internet browsing experience, resulting in improved customer loyalty."
Propel Accelerator is now deployed by more than 60 percent of the top U.S. ISPs that offer accelerated service. Propel Accelerator has been deployed by hundreds of Internet and network service providers in Africa, Europe, Latin America, the Middle East and North America - serving over 25 million subscribers - including AT&T Worldnet, EarthLink, Joi Internet and PeoplePC Online in the US. Propel Accelerator has been named "Editor's Choice" by both CNET and ZDNet.
About Propel Software
Propel Software Corporation provides Internet service providers
and end-users with solutions that enhance their Internet experience.
Using patent-pending technology, Propel Accelerator is an
award-winning Internet acceleration solution that provides
a high-speed experience for users of low-speed Internet connections.
Founded by technology innovator Steve Kirsch, who also founded
the successful computer industry companies Infoseek, Frame
Technology and Mouse Systems, Propel Software is the leading
Internet acceleration solution provider. For more information,
contact Propel Software Corporation, 1010 Rincon Circle, San
Jose, CA 95131, 408-571-6300 or visit its Web site at www.propel.com.
Customer Contact:
408-571-6300
sales@propel.com
Media Contact:
Cynthia Harris
PR Strategy
650-520-8343
charris@vocecomm.com
Copyright © 2005 Propel Software Corporation. All rights reserved.
