Sparta Systems, Inc. Ends 2005 Fiscal Year With More Than 50% Increase in Sales of TrackWise Software Licenses and Professional Services
European Operations Expand to Meet Overseas Growth
Holmdel, NJ - February 7, 2006 – Sparta Systems, Inc. (R), (Sparta), the market leader in enterprise quality and compliance management software for the life science and other highly regulated industries, announced today that fiscal year 2005 (FY 05) revenues for the company increased by more than 50% over the previous year. During this recent fiscal year, 26 additional life science organizations purchased TrackWise(R) to manage their quality and regulatory processes. TrackWise is now used by more than 150 customers worldwide including pharmaceutical, biotechnology, medical device and chemical companies. The continuous significant growth in FY 05 is also attributed to the numerous new TrackWise implementation projects facilitated through Sparta's European operations.
Sparta continued to show growth in both new and existing accounts. New accounts represented 33% of total revenues with the remaining 67% of revenues coming from sales to existing customers. "The numbers clearly speak to how well TrackWise is performing for the industry," commented Steven R. Cagle, VP Marketing and Product Development at Sparta Systems. "Our customers continue to expand their TrackWise usage by adding new applications to their existing TrackWise systems, rolling out new and existing applications to regional and global divisions and increasing their total number of end users."
Sparta Systems Europe, Ltd. has also experienced tremendous growth. Established in May 2004, Sparta Systems Europe provides customer support and professional services to customers in Europe, Australia and the Far East. It also supports global rollouts in conjunction with Sparta's US-based operations. In 2005 Sparta Systems Europe almost tripled its professional services personnel to support existing and new customers. Sales represented nearly 20% of the company's total revenue in FY 05.
"TrackWise has set the standard as the most trusted quality and regulatory management software platform for regulated industries," said Ran J. Flam, President and CEO of Sparta Systems. "Our customers have realized the efficiencies of an off-the-shelf, fully configurable solution. With a predictable deployment schedule, an enterprise wide tool such as TrackWise offers our customers control, compliance, streamlined operations and a most effective way to reduce costs. The substantial business value of harmonizing quality processes using a consolidated and powerful platform, along with Sparta's best-in-class services, are among the key reasons why our long-time customers continue to evolve and expand their TrackWise systems."
TrackWise is currently used by over 150 customers worldwide for managing quality and regulatory processes including Quality Management (Complaints, Deviations, Investigations, CAPA, Audits, Change Control), Regulatory Affairs (Commitments, Label Tracking), Environmental Health & Safety (Incidents, Audits), Sarbanes-Oxley requirements (Change Control, Self Assessment) and Action Item Tracking.
About Sparta Systems
Sparta Systems, Inc. is the industry leader for global quality and compliance management systems. Its TrackWise product is a web-based software application used by quality, manufacturing, and regulatory affairs professionals to manage quality and compliance issues across the enterprise. The company has more than 12 years of experience and an extensive customer base in the life sciences and other highly regulated industries. Sparta Systems offers its customers a complete solution for global quality management needs, including the onsite support required throughout the project lifecycle. More information about Sparta Systems and TrackWise® can be found at www.sparta-systems.com.
Media Contact: Jon RabinowitzDirector of Marketing
Sparta Systems, Inc.
Phone: (732) 203-0400 x121
Email: jon.rabinowitz@sparta-systems.com
Sparta Systems Inc. and the Sparta Systems, Inc. logo, TrackWise and the TrackWise logo are trademarks or registered trademarks of Sparta Systems, Inc.
All other company and product names are used for identification purposes only and may be trademarks of their respective owners. Sparta Systems, Inc. cannot guarantee completion of any of the aforementioned products or product features, and no reliance should be placed on their availability. Sparta Systems does not undertake an obligation to update the forward-looking information contained herein.
