Snowbound Continues Upward-Bound Growth and Revenue Trends (4/24/12)

First Quarter Growth of 48% Suggests Banner Year Ahead

Waltham, MA. (April 24, 2012) - Snowbound Software, the market leader in Java and .NET based document viewing and conversion solutions, is pleased to announce continued dynamic sales growth. The firm continues in 2012 where it left off in 2011 – with significant progress across the board – from increases in customer count, larger sales orders, product enhancement releases and the hiring of additional employees.

Snowbound’s record first quarter sales numbers show over 48% growth over Q1 of 2011.  March 2012, also a record, boasts an 88% increase over March 2011. Snowbound attributes the growth to its new product releases targeting the banking, insurance and medical records industries.  In fact these numbers reflect Snowbound’s significant penetration of the banking market with nine of the top 10 United States banks now using Snowbound’s products.

From increased orders from existing customers, to the addition of many new Fortune 500 entities in vertical segments such as the healthcare, insurance and financial services industries, the company has made great strides. Snowbound has expanded its worldwide presence with new partnerships overseas, gained recognition with strong outreach and branding campaigns, and added new hires to address the increased demand.

“Snowbound’s sustained success can be attributed to a number of factors,” explained Simon Wieczner, president of Snowbound Software. “First and foremost our customers and our employees – without them we obviously wouldn’t be where we are. Our application innovations in web-based Java and .NET viewers also enable us to provide market-leading products and services. We strive to keep our solutions abreast of technological advancements – and therefore provide our customers with the offerings they’ve come to expect from us.”