Kapow Technologies Ends Fiscal Year 2010 With Record Growth; Increases Q4 Revenue 67 Percent Year-Over-Year

PALO ALTO, Calif., July 14 /PRNewswire/ -- Kapow Technologies, the leading provider of Web data services, today announced that it exceeded estimates set by the management team for the quarter ending June 30, 2010 (Q4 FY10), increasing revenues by 67 percent over the fourth quarter of FY 2009 and closing 98 deals with both new and existing customers. Kapow attributes its momentum to the growing need among large global organizations for solutions that rapidly extract and integrate data from legacy enterprise applications, private clouds and the public Web to improve critical business decision-making and speed time to market with innovative new offerings. In addition, the Company saw a surge in demand for its Web data extraction solutions among information service providers, signing Thomson Reuters, InfoTrends and VICO Research & Consulting as new customers.

"The explosion of Web data continues to create significant opportunities for companies to innovate and evolve into real-time businesses," said John Yapaola, CEO, Kapow Technologies. "Kapow provides the most powerful solutions for quickly and precisely extracting data from the Web and virtually any Web application, fueling our strong momentum in the recent quarter and fiscal year. Large information providers like Thomson Reuters, who acquire and sell Web data for market intelligence, depend on Kapow to deliver the highest quality data."

Partner Momentum

During the quarter, Kapow Technologies partnered with Composite Software to launch a joint solution called Composite Application Data Services for Web Content™, which simplifies and accelerates the integration of critical Web data in large-scale data virtualization environments. The new solution allows customers to instantly and automatically extract and virtualize Web data at the source, then federate it with traditional structured and semi-structured sources, significantly improving real-time business intelligence and strategic decision-making capabilities.  

A summary of Q4 FY 2010 highlights include:

• 98 deals closed with both new and existing customers
• 67 percent year-over-year growth
• 47 percent subscription revenue growth
• 88 percent year-over-year growth in the number of deals exceeding $100,000
• Strategic alliance with Composite Software, delivering agile data virtualization for Web content

About Kapow Technologies

The leader in web data services, Kapow Technologies arms Fortune 1000 companies with the real-time web intelligence needed to be more competitive and profitable. The company's patented Kapow Web Data Server extends and modernizes business applications by automatically integrating enterprise and public web data from any source with no coding required. Kapow currently has more than 400 customers, including AT&T, Walt Disney, Morgan Stanley, Intel, Vodafone and Audi. The company is headquartered in Palo Alto, Calif. with additional offices in Denmark, Germany and the U.K. For more information, visit www.kapowtech.com or call toll-free at 1-800-805-0828.

SOURCE Kapow Technologies