Vitria Once Again Featured in Software Magazine's Prestigious Software 500 List For 2004
Vitria Ranks in Top Half of Software Magazine?s Annual Survey of Total Worldwide Software and Service Revenue
SUNNYVALE, Calif., Oct. 18, 2004 -- Vitria (Nasdaq: VITR), a leading provider of business process integration solutions, today announced that it was once again named to Software Magazine?s annual Software 500 list, a revenue-based ranking of the world?s leading software and services suppliers to the enterprise. The survey revealed particularly strong positive growth in systems-integration services and infrastructure management. With software and services revenue of $80.7 million, Vitria ranked number 203 on the 2004 list.
Now in its 22nd year, the Software 500 is a comprehensive look at the software industry targeting enterprise IT organizations with software and services. The list includes both private and public companies. 2004?s Software 500, featured in the September 2004 issue of Software Magazine, can be viewed online at http://www.softwaremag.com/L.cfm?Doc=2004-09/2004-09software-500.
"It is an honor to be named among such venerable company," Vitria?s CEO Dale Skeen said of being named to the 2004 Software 500. "We work hard to solve our customers? business process integration challenges and our focus on improving their bottom line does not waver. We thank our customers for their ongoing support."
The 2004 ranking is based on total worldwide software and service revenue for calendar 2003 or the closest fiscal year ending in 2003. This includes revenues from software licenses, maintenance and support, training, and software-related services and consulting. The financial information was gathered by a survey prepared by the staff of Softwaremag.com.
About Vitria:BusinessWare
Vitria:BusinessWare™ is a business process integration platform that orchestrates interactions across a company's existing applications, data, people and partners to continuously improve one or more strategic business processes. Vitria:BusinessWare gives companies complete control and visibility of their business operations across their extended enterprise, enabling them to improve the efficiency of their business operations, reduce time to market for new products and services, develop closer relationships with their partners and customers, and rapidly respond to changing business conditions. The proven Vitria:BusinessWare solution was the industry's first platform for business process-centric integration and is widely recognized as the most flexible and powerful solution available, adopted by hundreds of customers in a broad range of industries.
About Vitria
Vitria Technology, Inc. (Nasdaq:VITR), a leading provider of business process integration products and solutions, combines technology leadership with industry expertise in healthcare and insurance, telecommunications, manufacturing and financial services to dramatically improve strategic business processes across systems, people and trading partners. These solutions are built on the award-winning BusinessWare™ Enterprise Business Process Management suite. With offices around the world, Vitria's customer base includes blue chip companies such as AT&T, Bell Canada, BellSouth, Blue Cross Blue Shield Association, BP, BT, DaimlerChrysler Leasing, Generali, Nissan, PacifiCare Health Systems, Reynolds & Reynolds, RBC Financial Group, Sprint, U.S. Department of Defense and Veterans Health Administration. For more information call +1-408-212-2700, info@vitria.com or visit www.vitria.com.
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Vitria and Vitria:BusinessWare are trademarks or registered trademarks of Vitria Technology, Inc. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
Cautionary Note Regarding Forward-looking Statements: This press release includes forward-looking statements, including statements relating to new products, goals and future business opportunities that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to: failure to meet financial and product expectations of analysts and investors: risk related to market acceptance of Vitria?s products and alliance partners? products; deployment delays or errors associated with these and other products of Vitria and partners; hardware platform incompatibilities; the need to maintain and enhance certain business relationships with system integrators and other parties; the ability to manage growth; activities by Vitria and others regarding protection of proprietary information; release of competitive products and other actions by competitors; risks associated with possible delisting from the stock market on which Vitria?s securities are listed; and economic conditions in domestic and foreign markets. These and other risks related to Vitria are detailed in Vitria?s Annual Report on Form 10-K for the year ended Dec. 31, 2003, filed with the SEC on March 12, 2004. Vitria does not undertake an obligation to update forward-looking statements.
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