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Kapow Technologies Reports Stellar Quarterly Growth; Crosses 100th Enterprise Customer Mark

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Web Integration leader achieves record revenues; strengthens partnerships with large back-end integration vendors

Campbell, CA - Nov 7, 2005 – Kapow Technologies, the world's leading Web Integration platform provider, today reported outstanding results for its first quarter of fiscal year 2005, including a significant increase in new enterprise customers, enabling the company to cross the triple-digit mark. New accounts include RS Components, Statoil, Experian, Bell Canada, LG Electronics and KDDI. In addition, the company achieved growth in the Americas, Europe, and Japan, and in the following vertical markets: finance, government, services and manufacturing.

"Based on our first-quarter results, and our fast expansion over the past two years, it's clear there is a growing need for an integration platform that enables companies to leverage the broadly accessible web front end," said Glenn Hasen, CEO of Kapow Technologies. "We are now seeing mainstream adoption of the Kapow Platform, and more importantly, significant customer success in the areas of content collection, data migration, and web integration."

According to Gartner Group, last year's application integration software market reached $6.7 billion, yet the firm reports that only 60% of the market's current needs are addressable by traditional integration vendor offerings. Hasen adds, "for customers who are time or budget constrained, Web Integration is faster, easier and far more feasible than traditional 'back-end' integration solutions. In those situations, Kapow is the clear value provider. Consequently, our company partners with many of the industry's large traditional integration players to complement their customers needs."

Last quarter, Kapow continued to strengthen its alliances with leading software companies including BEA Systems, Plumtree Software and AttachmateWRQ. Additional first quarter accomplishments include:

  • Ongoing technology advancement. As part of its continuing effort to advance its platform at a rapid rate, Kapow Technologies announced version 6.0 of its flagship Web Integration platform. Enhancements include an enterprise-class portal clipping solution with all the functionality required to populate tomorrow's self-service portal needs — including the ability to clip full or partial sites, pages, and conduct 'navigational' clipping for web integration process-driven applications.
  • Completed the move of corporate HQ from Denmark to the Silicon Valley. Now with a solid presence in North America and Europe, Kapow Technologies will continue to grow its U.S. account base, and is better positioned to serve the Asia Pacific market.
  • Increased commitment to client satisfaction. Kapow Technologies recently reported a 97% customer retention rate year over year, which is outstanding when compared to the enterprise software industry average that is two to three times lower. In an effort to maintain its success, the company instituted new service programs to meet the needs of a growing customer base.
About Kapow Technologies
Kapow Technologies is a leader in Web Integration — a new integration paradigm using the broadly available web front-end. The Kapow platform uniquely enables flexible and fast integration of web based content, data and applications into portals, content management systems, applications, databases or web services. The platform includes an intuitive visual design environment that simplifies integration and speeds project delivery providing users with faster and better results than with traditional integration approaches. Kapow Technologies has more than 85 public and private customers worldwide including US Army, AT&T, Wells Fargo Bank, Deutsche Post, Lycos Europe, Barclays Bank, DZ Bank, Swedish Defense and Danish Broadcasting Corp. The company has partnerships with major industry players such as BEA, IBM, Plumtree, AttachmateWRQ, Autonomy, ClearForest and others. For more information: www.kapowtech.com

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Media Contacts
Kapow Technologies
Kurt Foeller
+1 415-578-3251