Pragmatech Announces Record Q3 (email this article)

Amherst, NH - November 26, 2003 - Pragmatech Software, Inc.(Company Profile, Past Stories, Case Studies), the leading provider of sales productivity applications, today announced record revenues for its third quarter ended September 30, 2003. Year to date, revenues are the highest the company has ever achieved.
 
“We are pleased with the momentum our business is demonstrating and grateful for the support our customers have shown us,” said Brooke Savage, chairman, Pragmatech Software. “More than 50 companies purchased licenses for Pragmatech solutions in the third quarter, including 14 members of the Fortune 500. It is clear that the time and money these customers can save using Pragmatech solutions, and the fact that we can help them grow revenues, remain compelling even in a relatively difficult spending environment for technology.”
 
"We have been using Pragmatech's solutions to produce our bids and proposals for several months, and we are rapidly deploying the tool across our business to generate high-quality offers with maximum effectiveness and efficiency," said Mark Effinger, Corporate Vice President of Global Engineering at Telcordia® Technologies, Inc. "Our goal is to dramatically improve the win rate of our offers, while improving the consistency of our messaging and decreasing our cost-of-capture."
 
In the third quarter, Pragmatech also held its annual international user forum, attended by a record 150 customers, and continued to build its management team. Dave Fitzgerald joined the company as COO, Mike Po joined the company as SVP of Products, and Liz Robertson joined as Chief Financial Officer.
 
“The third quarter was a busy one for us, and we made substantial progress in both revenue momentum and company development,” said Al Noyes, CEO, Pragmatech Software. “We now have a world-class team in place. Together with the tremendous and ongoing support our solutions enjoy among existing and new customers, I believe this positions us well for future growth.”
 
About Pragmatech
Pragmatech Software, Inc., is the leading provider of sales productivity software. The company delivers proven solutions to field sales, marketing, proposal, and bid teams in Fortune 1000 companies, including those in hardware/software, telecommunications, healthcare, distribution, manufacturing, and financial services/insurance. Pragmatech's solutions automate the process of creating customer-facing selling materials, such as proposals, presentations, and RFP responses, helping companies increase sales productivity, drive down the cost of sales, and encourage best practices across the sales force. Over 1 million proposals and other selling documents have been prepared with Pragmatech software since the company was founded in 1994. Pragmatech is headquartered in New Hampshire and has offices throughout the United States, in Reading, UK, and in Sydney, Australia. For more information on Pragmatech, visit www.pragmatech.com.