2014

Record Demand for MindManager(R) Productivity Software Boosts Mindjet(R) 2004 Revenues and Profits Mindjet Predicts Continued Growth in 2005 as it Introduces New Business

Solutions, Expands Channel Sales and Enters New Global Markets



    LARKSPUR, Calif., Feb. 15 /PRNewswire-FirstCall/ -- Mindjet, the leading
 provider of software for visualizing and managing information, today announced
 a record year for 2004, showing dramatic growth and success with Global 2000
 accounts and government agencies worldwide. Mindjet boosted revenues to more
 than $20 million--an increase of 60 percent over 2003. At the same time, the
 California-based company achieved profitability while increasing its global
 workforce by more than 20 percent. The company also signed Oracle veteran
 Robert Gordon as its new CEO and Brightmail veteran Francois Lavaste as vice
 president for worldwide marketing and strategy.
     "Mindjet's mapping solution is designed to enable individuals and teams to
 efficiently capture and share ideas and plans with easy links to relevant
 corporate information," said Mark Levitt, vice president for Collaborative
 Computing at IDC. "Rising volumes of information to manage and increasing
 pressures to innovate make collaboration a higher priority than ever."
     Mindjet was recognized with a number of prestigious awards in 2004: PC
 Plus's Editor's Choice award, 4 1/2 Stars from PC Magazine, a Jolt Award from
 Software Development magazine, CeBIT Best of Show, and Mindjet founders, Mike
 and Bettina Jetter and Michael Louis, were named 2004 Entrepreneurs of the
 Year by Ernst & Young.
     Mindjet CEO Robert Gordon predicts continued strong growth for 2005.
 "Mindjet provides paradigm-changing -- yet immediately understandable --
 technology that solves a key challenge faced by Global 2000 companies:
 Business teams use Mindjet MindManager software to combine intellectual assets
 with corporate data in a way that sparks thinking, enables timely decision
 making and drives productivity. Customers' response to our products is
 overwhelmingly very positive -- they immediately 'get' the value of our
 technology.
     Unlike collaboration infrastructure technology, such as Web conferencing;
 IM or e-mail for sharing ideas and information; or traditional productivity
 software for authoring and presenting, Mindjet technology provides an
 intuitive, interactive environment where dynamic collaboration can take place.
     Mindjet has set the pace in information visualization through its thought
 leadership in this growing market and with its continued introduction of new
 technologies and solutions. In November 2004, Mindjet announced a partnership
 with CommerceQuest to develop an application which will enable line-of-
 business users to quickly create and modify business processes.
     On Feb. 13, 2005, Mindjet released MindManager(R) Accelerator for
 Salesforce.com(R), originally released as a preview edition in 2004. The
 Accelerator enables sales professionals and teams to visualize and manage
 customer information. The new product adds to the recognized value of existing
 CRM systems by giving teams a fast and easy way to enter and analyze customer
 information, and to communicate account status with other team members, sales
 management and executives.
     "Key to Mindjet's success has been a multi-year plan to increase our
 presence through resellers, distributors and VARs," said CEO Gordon. "Mindjet
 revenues from indirect sales have grown from single digits in 2001 to nearly
 65 percent today. Sales channels are really working for us. We will continue
 to look to them for future growth."
     In 2004 Mindjet increased its geographical scope beyond North American and
 Europe, moving into markets in Scandinavia and Benelux and increasing its
 presence in Asia.  Mindjet saw significant increases multi-license sales as
 Global 2000 companies understand the value that MindManager software brings to
 enterprise collaboration. Current customers include Siemens Group, SAP, BMW,
 DaimlerChrysler, Whirlpool, 3M, UBS, HP, the U.S. Dept. of Homeland Security,
 the Federal Bureau of Investigation, and the U.S. Army, Navy and Air Force.
 
     About Mindjet
     Mindjet, the leading provider of software for visualizing and managing
 information, provides applications for business teams to think together, plan
 together, and work together. Mindjet's innovative visual mapping tools improve
 business productivity by working the way people think. MindManager, the award
 winning flagship product with more than 500,000 licenses sold worldwide, is
 productivity software designed for business professionals from the majority of
 Global 2000 companies. With headquarters in California and operations
 throughout the world, Mindjet is backed by 3i, a leading international venture
 capital firm. More information is available by calling toll-free 1 (877)
 MINDJET or by visiting http://www.mindjet.com.
 
     PR Contact:
      Thomas Bain
      Blanc & Otus
      617-451-6102 ext.273
      tbain@bando.com
 
 

SOURCE Mindjet

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