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Private, Profitable Software Company Announces Continued
Revenue Growth To Coincide With Anniversary Celebrations

Despite global economic downturn and a slowdown in IT spending, Ipswitch Inc., a private company and leading supplier of Internet productivity software for Windows, today announces reaching several significant milestones that illustrate its strength and leadership. The company is celebrating its tenth anniversary whilst enjoying continued revenue growth.

“We like to think of ourselves as the antithesis of a ‘dot.com’,” said Roger C. Greene, president and founder, of Ipswitch’s success. “We have grown steadily and profitably, without outside capital, and plan to keep it that way, staying private. Our product portfolio of WS_FTP client and server; WhatsUp Gold; and IMail Server has won numerous awards since we first had a customer base in 1991. Not many Internet companies can boast our track record of profitable growth or such a diversified portfolio of well established products.”

Due to strong domestic and international demand for its software, Ipswitch has experienced remarkable growth over the past several years. Revenues have grown from $3.5 million in 1996 to $20.4 million in 2000. Ipswitch doubled its R&D staff in the past year, and the total number of employees is now over 140. In addition, the outstanding reputation of Ipswitch’s products has led to OEM partnerships with Cisco Systems and Allaire, which recently merged with Macromedia.

Ipswitch experienced its best-ever monthly sales this March, at a time when other Internet companies were downsizing and closing their doors. “Not just staying afloat while the economy softens, but the doubling of our research and development staff in the past year are indications of Ipswitch’s strength and on-going investments to build the foundation for continued growth,” comments Greene.


Ipswitch attributes its steady growth to the fact that it meets the real-world needs of its core customer base of small to medium businesses and departments in large corporations and offers the key features and functionality of larger software platforms without comparable complexity or cost. Ipswitch products are used widely:

· IMail Server, the leading alternative to groupware products, provides email to more than 38 million users through 21,300 servers sold;

· WS_FTP provides millions of users the most professional way to transfer files;

· WhatsUp Gold keeps networks up and running 24/7 at approximately 18,000 companies; and

· FTPplanet.com (www.ftpplanet.com), Ipswitch’s online community site that promotes the use of the FTP protocol among new and experienced users, recently marked its one-millionth visit.


“Our products are popular because we make them easy to use,” comments Greene. “Unlike many other types of network software, you don’t need to have weeks of training to understand and use our products.”

Ipswitch’s ability to adapt to market changes has been a significant factor contributing to its success. Originally a TCP/IP stack vendor, Ipswitch was able to transition out of that market when Microsoft bundled stack technology with Windows 95. While its competitors went into decline, Ipswitch leveraged its core technology and expertise to fill a need in the market for a low-cost mail server for Windows NT, thus beginning a new era for the company. Ipswitch now sells its award-winning products directly and through a network of resellers to a variety of markets worldwide, from the United States and Europe to the Pacific Rim, Africa, Mexico, Latin and South America.

“We are confident we will experience growth in the years to come,” said Greene. “Ipswitch continues to be revitalised by new challenges and developing and selling innovative software.”



About Ipswitch, Inc.

Founded in 1991, Ipswitch develops Windows-based software products for the Internet and corporate intranets. Its product family includes WS_FTP Pro, the world’s most popular FTP client; WS_FTP Server, the first industrial-strength, full-featured FTP server for Windows NT; WhatsUp Gold for network management; IMail Server, an NT-based Internet messaging server; and WS_Ping ProPack, a utility suite for the Internet and intranets - all designed for today’s mission-critical business communications. Ipswitch products set new standards for functionality, performance, reliability and interoperability, while providing the foundation for corporate internetworking solutions, and are available directly from Ipswitch and through distributors, resellers and OEMs worldwide.


Editor's Notes

Review copies, interviews, screen shots and information for all Ipswitch products are available from Martin Brindley and Adrian Brophy at MCC International.

Michael Aalto
Ipswitch, Inc.
maalto@ipswitch.com
T: 781-676-5794
F: 781-676-5720

Martin Brindley / Adrian Brophy
MCC International Ltd.
T: +44(0)1962 888100
F: +44 (0)1962 888125
E-mail: adrian.brophy@mccint.com
martin.brindley@mccint.com



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