Nashville, TN - January 18, 2002 - Equinox Information Systems, a provider of telecom software solutions, today announced that 2001 company revenues increased for the sixth consecutive year. Fueled by a record number of new clients and the development of new products and partnerships, revenues for 2001 exceeded the previous year by more than 14%.
"We are gratified to see that our efforts continue to generate success," noted Byron Middendorf, Equinox CEO. "Our principle of delivering quality software products at a reasonable price backed by excellent support continues to be validated as an effective business model. These results reflect our sixth consecutive year of record earnings and underscore the quality of our products and the stability of our company."
Despite the general economic contraction, and the significant downturn in the telecommunications industry in 2001, Equinox once again exceeded gross and net revenue projections. Contracts from new and existing clients, the move into new markets such as Western Europe, and the release of new products in the area of fraud management and mediation together accounted for this growth. 2001 marked the 13th year of growth in Equinox Information System's 15-year history. Since 1995 average annual growth has exceeded 31%.
"In addition to another record year of revenue, we also made major strides in terms of our development approach, which is evidenced by the successful development of the latest generation of our telecom fraud management system, Protector," explained Wayne Lowe, Equinox President. "With Protector version 10 we integrated new technologies and architectures that allowed us to achieve a processing rate and functionality equivalent to any other telecom fraud system on the market, and at significantly lower cost of ownership."
"As the telecommunications industry continues to evolve, we feel that our long history of providing solutions at a low cost positions us well. At hundreds of customer sites Equinox has demonstrated the ability to deliver solutions that allow carriers to reduce losses, increase efficiency, launch new products, and improve quality of service," added Executive Vice President David West. "As market conditions continue to force carriers to focus on profits and margins, we can provide proven tools to assist them."
Founded in 1986 with hundreds of customers worldwide, Equinox Information Systems is a global provider of software solutions for the telecommunications industry. Providing a full range of software applications backed by exceptional customer support, the company offers solutions in areas critical to profitability and network efficiency, including mediation, fraud detection, CDR and switch administration, and network management, as well as custom application development. For more information, visit Equinox at www.equinoxis.com.