Intelliden Corporation Turns Cash-Flow Positive
COLORADO SPRINGS, Colo., Feb. 18, 2005 -Intelliden Corporation, the intelligent networking company, today announced that the company has become the first privately held Enterprise Network Configuration vendor and the first privately held Service Management vendor to become cash-flow positive. Intelliden turned cash-flow positive over nine months ago, in April 2004, and is now entering its fourth quarter of positive cash flow.
Some of Intelliden's customers and partners include Bear Stearns, Boeing, British Telecom, Cisco, Department of Defense, EDS, HP, IBM, Juniper Networks, RNLA NATO, Pentagon, Sandia Labs, Staples, TELUS and Visa. In addition to becoming cash-flow positive, Intelliden has also maintained consistent, quarter-over-quarter growth throughout 2004 in both its U.S. and international operations.
"Every day Intelliden is dedicated to solving our customers' network and IT automation challenges," said Dale Hecht, Intelliden president and CEO. "We are entering our fourth quarter of positive cash flow during a time when many technology companies are still struggling. We believe our success is due to our strong customer focus, our Tier 1 partnerships, the commitment of Intelliden employees worldwide and the fact that the award-winning Intelliden R-Series® software suite is responding to an ever-growing need for network and IT automation solutions."
Intelliden has also unveiled its strategic vision for intelligent networking delivered by the industry's only four network automation product engines, high-value network applications and bundled industry solutions. Intelliden's network and service automation vision enables enterprises, governments, managed service providers and telcos to align their strategic business priorities with their network operations, allowing them to derive more value from their IT and network investments.
"I am pleased with Intelliden's progress," said John Gerdelman, Intelliden chairman. "Our positive cash flow performance indicates that Intelliden's vision for intelligent and automated networking solutions is gaining a stronghold across the enterprise, federal and telecommunications sectors. We're clearly seeing the results of our focused enterprise, federal, managed services and telco solutions through increased customer demand, revenue-driven partnerships and continued market momentum."
About Intelliden Corporation
Intelliden is the leading provider of automated, model-driven networking solutions. With the Intelliden R-Series® software suite, networks become more intelligent and efficient by dynamically responding to strategic priorities, which allows businesses and organizations to automate network configuration, reduce costs, increase network security and accelerate service activation. Intelliden is a global corporation headquartered in Colorado Springs, Colo. For more information, visit www.intelliden.com.
Intelliden and Intelliden R-Series are trademarks of Intelliden Corporation. All other trademarks in this document are properties of their respective owners.
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