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Main News Desk

Thunderhead Storms into 2009 with Record First Quarter Growth

Leading customer communications software provider thrives in tough economic climate by delivering significant cost savings

Irvine, CA - May 07, 2009

Thunderhead, the leading provider of document automation and multi-channel customer communications solutions, today announced that it has achieved record performance in the first quarter of 2009.

Despite the tough economic conditions, the company signed a significant number of new customers in the financial services and insurance markets, including major deals with Unitrin, Admiral and Swinton, leading insurers in the US and UK.

As a result, Thunderhead accomplished an almost 50% increase in year-over-year revenues from the same period in 2008. In addition, profit for the quarter rose over 300% year-over-year, furthering the company’s strong cash position.

Recently recognized as the fastest growing technology company in Europe, the Middle East and Africa in the 2008 Deloitte Technology Fast 500, Thunderhead is continuing to see significant strong demand in the market in spite of the current economic climate. With the recession squeezing budgets hard, businesses are increasingly waking up to the significant cost savings that can be achieved through automating complex document processes and utilizing multi-channel communications.

Thunderhead was founded at the end of the ‘dot com’ era, under similar economic conditions where customers were forced to carefully consider each and every technology investment. Proven to achieve immediate payback on investment, along with significant savings, Thunderhead NOW enables organizations to improve how they communicate with their customers to both increase retention and lifetime value, essential for sustaining the future of a company.

Thunderhead continues to be privately held, with no outside investment, and has been consistently profitable since first releasing its award-winning product, Thunderhead NOW, in November 2003.

Executive quote

“We are extremely pleased with our first quarter performance,” said Glen Manchester, CEO, Thunderhead. “This outcome is a testament to both the strength of our technology and the talent of our team as we continue to win new opportunities and take market share from more established competitors.”

About the company

About Thunderhead
Thunderhead is the leading provider of enterprise solutions for the production of highly personalized, multi-channel communications.

Thunderhead’s innovative platform, Thunderhead NOW, empowers business users to own the end-to-end process of creating and maintaining customer communications and delivers significant efficiencies and cost savings. Thunderhead NOW also enhances customer engagement, improving customer satisfaction, loyalty and revenue outcomes.

Due to its unique combination of business user control, open standards-based architecture and broad enterprise capabilities, Thunderhead has quickly established itself as a clear market leader and is one of the fastest-growing software companies in the world. The company counts many of the world’s leading private and public sector organizations as customers, including Bank of America, RBS Insurance, UBS, Prudential, Unitrin and the Australian Department of Immigration and Citizenship. Thunderhead services its global customer base from offices located in North America, Europe and Asia Pacific.

For further information please visit http://www.thunderhead.com.

Contact details

LEWIS PR

Katie Eakins / Brittney Wolff

619-677-2700

thunderhead@lewispr.com

Technorati tags: Thunderhead | document automation | Thunderhead NOW | CRM | BPM | SOA | XML | customer communications |

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Thunderhead Storms into 2009 with Record First Quarter Growth

Executive quote

About the company

Contact details