alfabet's First Quarter Revenues Set New Record

BERLIN, May 16, 2011 /PRNewswire/ -- alfabet AG, a leading provider of strategic IT planning and Business IT Management solutions, today announced the highest quarter of financial results in the company's history. The first quarter 2011 consolidated net revenues were up by 35% and bookings increased by 97% over the last 3 months period ending March 2011 compared to the same period of the previous year.

"We generated record revenues and growth globally in this first quarter by exceeding our ambitious expectations. This confirms that the unique approach of our solution, planningIT, is fully aligned with the needs of our customers and partners," said Erik Masing, CEO and founder of alfabet. "We are looking forward to an excellent performance throughout the rest of the year as we continue to expand our customer base, partner network and strengthen our leadership position in the Business IT Management market place."

alfabet’s highlights in Q1, 2011

• Analysts continue to acknowledge alfabets’ leadership in the enterprise architecture market:
  • alfabet is positioned as a leader in the recently released report, “The Forrester Wave™ for Enterprise Architecture Management Suites (EAMS) Q2 2011”, April 15th, 2011, Forrester Research, Inc.
• alfabet Empower: alfabet launched a new global partner program to strengthen its global reseller and implementation partner network to meet the growing global demand for Business IT Management solutions.
• Automotive Successes: The company increased its success in global automotive industry with the acquisition of one of the largest European automotive manufacturers. Three out of six of the top European automakers now rely on alfabet’s Business IT Management and IT planning solutions.
• New Additions: alfabet increased their number of global customers which cover a variety of industries in more than 40 countries by gaining seven new enterprise customers.

About alfabet (www.alfabet.com)

Business IT Management is the task of ensuring that IT powers business success. It combines a deep understanding of the business and its strategy with the insight, planning and execution required to evolve the IT landscape. alfabet is the only vendor providing a comprehensive software suite that supports all aspects of Business IT Management – from accurate insight into the enterprise architecture to IT planning, risk management, compliance, road-mapping and IT Program Control.

alfabet serves with its flagship product planningIT ® a global user community of more than 40,000 IT, Finance and Business professionals in more than 40 countries. Customers of alfabet include many of the Global 2000 companies across a broad range of industries in particular financial services, automotive, telecommunications, logistics, and high-tech. 

Founded in 1997, alfabet is operating with headquarters in Berlin, Cambridge, Mass. and Singapore.

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

For further information:
alfabet AG
Jacqueline Routier
+49 (30) 880 345 166
[email protected]

SOURCE alfabet