Jolly Q2 FY 2010 Revenue up 57%
Jolly's revenue growth fuels expansion and hiring
SAN CARLOS, Calif. – Sep 15, 2009 – Today Jolly Technologies, the world's #1 identity software company, announced record sales for the quarter year ending August 31, 2009. Revenue for the quarter is up 57% over FY 09.
The Q2 growth was fueled by several major wins in the visitor management market and a strong resurgence in ID card software sales in both the channel and direct markets. Development efforts in overseas markets showed reasonable payoffs.
"We're extremely pleased with the performance of the 2nd quarter," said Kurt Bell, VP of Sales & Marketing, Jolly Technologies. "It was a sharp rebound from a sluggish Q1 and it gives us the confidence to continue our expansion. We are in process of increasing the staff across all levels of the business."
During the quarter Jolly launched its new Asset Track product line and released version 4.3 of ID Flow, Lobby Track and Label Flow. Release 4.3 included a variety of features that lend the products to new markets as well as customer sought features and vastly improved enterprise performance.
In Q3 Jolly will debut its Lobby Track access control integration which will be shown for the first time at the ASIS convention held at the Anaheim Convention Center September 21-23, 2009.
"We are very optimistic moving into the second half of FY 2010. The product line of Asset Track, Label Flow and ID Flow give us a major competitive advantage in the barcode distribution network and we are beginning to make significant gains in that space. Our Lobby Track access control integration will cement major wins in the visitor management space as our product already outshines our competitor's in all other aspects," said Bell.
The software products are now available though Jolly Technologies and its network of resellers and distributors.
About Jolly Technologies
Jolly Technologies, founded in 2000, develops and distributes a suite of secure identification software products, including ID Flow, the world's #1 identification software, Lobby Track visitor/entry tracking software, Asset Track asset management software, Label Flow barcode label software, and a variety of other custom security products. As the recognized leader in the rapidly growing secure identification market, Jolly Technologies is partnered with the industry's largest hardware manufacturers to offer complete solutions through our channel partners. Based in San Carlos, California, Jolly Technologies is one of the world's fastest growing software companies. For more information, visit www.jollytech.com or call toll-free 1-888-25-JOLLY.
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