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Archive for September, 2010

NWN Corporation Certified Diverse Supplier (woman-owned) by State of Massachusetts

Press Contact:
Chari Darneal
NWN Corporation
916-366-0708
cdarneal@nwnit.com

For immediate release.

Waltham, MA – August 12, 2010 – NWN Corporation announced today that they have received
certification as a Diverse Supplier (woman-owned business) by the state of Massachusetts.

This state certification allows NWN Corporation to qualify for additional state work while also receiving
extra points on state and local government RFPs for its diverse status. Prior to this certification, NWN
Corporation had been nationally certified as a woman-owned business.

In response to this certification Managing Director of NWN Corporation Dr. Jane Linder stated, “Many
diverse suppliers are small companies with narrow skill sets. NWN is very different. With 11 offices
across the nation, we are one of the leading IT solutions companies in the country. We have a full range
of technical capabilities and an abiding passion for customer success. Now our customers can also get
credit for working with a diverse supplier.”

Dr. Jane Linder is also the co-lead of NWN’s Smart Government business unit. This certification will
assist the Smart Government business unit in pursuing RFP projects where it can help state and local
governments improve services and increase effectiveness by connecting the silos. Over the past several
years, Jane and her team have helped customers with solutions that include no-wrong-door benefits
portals to serve citizens better, SNAP to school meals systems that help ensure no child goes hungry,
and Medicaid to prisons systems that help states cut Medicaid spending dramatically.

About NWN Corporation

Headquartered in Waltham, MA, NWN Corporation provides clients with a complete range of end-to-end
IT services and solutions. The company brings clients the premier products in the industry, tailored to
their specific needs and situations. These include technologies from Cisco, Microsoft, HP, EMC and
many others. Clients include private and public sector organizations in almost every line of work
including major banks, universities, manufacturers, hospitals, and state and local government agencies.
NWN solutions include Application Development; Data Center and Virtualization; End User Computing;
IT Staffing; nCare® Managed Services; Network Infrastructure; Security; Smart GovernmentTM; and
Unified Communications and Collaboration.

With eleven branches throughout the eastern US, Western US and in Texas, NWN serves clients
operating locally, nationally and internationally. In addition to corporate headquarters and a branch in
Waltham, MA, NWN serves clients with branches in Farmington, CT; Mt. Laurel, NJ; Raleigh, NC;
Greensboro, NC; Charlotte, NC; Greenville, SC; Houston, TX; Fresno, CA; Sacramento, CA and Salt
Lake City, UT.

# # # #

Cisco, the Cisco logo, and Cisco Systems are registered trademarks of Cisco Systems Inc. in the United
States and certain other countries.

NWN Corporation Certified Diverse Supplier (woman-owned) by State of Massachusetts
Waltham, MA – August 12, 2010 – NWN Corporation announced today that they have received certification as a Diverse Supplier (woman-owned business) by the state of Massachusetts. »

Lytron Promotes Jeff Olvert to Vice President of Sales & Marketing

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September 1, 2010, Woburn, MA, USA: Lytron announced today the promotion of Jeff Olvert to vice president of sales and marketing. Olvert will be responsible for Lytron’s worldwide sales and marketing activities. He was promoted to replace the current vice president of sales and marketing, David Voorhes, who is retiring in October after 18 years with Lytron.

“Jeff’s extensive international sales experience and focus on providing the best value thermal solutions for our OEM customers is a great asset to the business,” notes Mr. Craig Carswell, president and Chief Executive Officer (CEO). “He will provide leadership and strategic direction as we continue our growth into new markets and our focus on delivering to our customers the highest level of customer service in the industry.”

Olvert, who has been with Lytron since 1994, has a BS in Mechanical Engineering from Clarkson University. Prior to his promotion Olvert was Lytron’s director of sales for strategic accounts. He also held previous positions in technical sales management, including a position as Asia Pacific sales manager for Coppus Engineering (Dresser Rand).

Lytron’s custom cold platesheat exchangersassemblies, and cooling systems are found in the medicalmilitary/aerospacetractionpower generationlaserpower electronicsanalytical, and semiconductor markets. The company designs and manufactures custom components and systems for OEMs as well as provides off-the-shelf standard products to OEMs and end users. Lytron sells directly from its headquarters and through its representatives and distributors around the world.

For more information, please call +1-781-933-7300 begin_of_the_skype_highlighting +1-781-933-7300 end_of_the_skype_highlighting.

Lytron Promotes Jeff Olvert to Vice President of Sales & Marketing
September 1, 2010, Woburn, MA, USA: Lytron announced today the promotion of Jeff Olvert to vice president of sales and marketing. Olvert will be responsible for Lytron's worldwide sales and marketing activities. He was promoted to replace the current vice president of sales and marketing, David Voorhes, who is retiring in October after 18 years with Lytron. »

Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal Year 2010

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Burlington, Mass. – September 02, 2010 – Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, today announced financial results for its fourth quarter and fiscal year 2010, ended June 30, 2010.

Mark Fusco, Chief Executive Officer of AspenTech, said, “The fourth quarter was a strong finish to our fiscal year. The combination of customers moving to our new aspenONE licensing model and new and expanded usage drove record quarterly and annual product related bookings that were well above our expectations. Most important, strong growth in our customer relationships during the fourth quarter contributed to double digit full year growth in the license portion of our total contract value during fiscal 2010. This reflects the underlying growth of our business, and we are optimistic that AspenTech is well positioned to continue growing its over a billion dollar total contract value in fiscal 2011 and beyond.”

Fusco added, “In addition to validating market acceptance of our new aspenONE licensing model during fiscal 2010, we also made significant progress putting in place the foundation to grow the company’s subscription cash flow model. We have not sold receivables to raise cash in nearly three years and we have steadily increased the portion of our business where customers have elected annual payment terms over the course of our multi-year contracts. We believe continued execution of this strategy will lead to strong growth in our free cash flow beginning in fiscal 2011.”

Fourth Quarter Business Highlights

– Total contract value at the end of fiscal 2010 was approximately $1.2 billion, an increase of approximately 17% compared to the end of fiscal 2009. Approximately 10 percentage points of the growth in total contract value during fiscal 2010 was driven by increased license fees, with approximately 7 percentage points of the year-over-year growth related to including maintenance with the company’s new aspenONE licensing model, which was launched at the beginning of fiscal 2010.

– Record product related bookings were approximately $138 million for the fourth quarter, leading to record full year product related bookings of approximately $366 million.

– Billings backlog was $389 million at the end of the fourth quarter, an increase from $270 million at the end of last quarter and $101 million at the end of fiscal 2009.

– The value of contractually committed, future cash collections associated with the company’s subscription and multi-year term contracts was $625 million at the end of the fourth quarter, an increase from $537 million at the end of last quarter and $466 million at the end of fiscal 2009.

– The company closed 20 product related bookings of over $1 million during the fourth quarter, and 50 product related bookings between $250,000 and $1 million.

– Average deal size for product related bookings over $100,000 was $1.1 million in the fourth quarter.

Summary of Fourth Quarter Financial Results

AspenTech’s total revenue of $38.2 million decreased from $71.3 million in the fourth quarter of the prior year, due primarily to the ratable revenue recognition associated with the company’s new aspenONE licensing model.

For the quarter ended June 30, 2010, AspenTech reported a loss from operations of $35.6 million due primarily to the ratable revenue recognition associated with the company’s new aspenONE licensing model. For the quarter ended June 30, 2009, the company reported income from operations of $2.3 million. Net loss was $34.0 million for the fourth quarter of fiscal 2010, leading to net loss per basic and diluted share of $0.37, compared to net income per diluted share of $0.11 in the same period last year.

AspenTech had a cash balance of $124.9 million at June 30, 2010, an increase of $5.9 million from the end of the prior quarter. The company did not sell any installments receivable to raise cash during the fourth quarter of fiscal 2010 and it continued to reduce its secured borrowings balance, which was $76.1 million at the end of the quarter, down $11.3 million compared to $87.4 million at the end of the third quarter of fiscal 2010.

Conference Call and Webcast

AspenTech will host a conference call and webcast today, September 2, at 8:00 a.m. (Eastern Time), to discuss the company’s financial results for the fourth quarter and fiscal year 2010 as well as the company’s business outlook. The live dial-in number is (877) 245-0126, conference ID code 97523083. Interested parties may also listen to a live webcast of the call by logging on to the Investor Relations section of AspenTech’s website, http://www.aspentech.com/corporate/investor.cfm, and clicking on the “webcast” link. A replay of the call will be archived on AspenTech’s website and will also be available via telephone at (800) 642-1687 or (706) 645-9291, conference ID code 97523083 through September 9, 2010.

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

© 2010 Aspen Technology, Inc. AspenTech, aspenONE and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks are property of their respective owners.

Forward-Looking Statements

This press release may contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to the anticipated benefits of AspenTech’s new subscription-based licensing model. Actual results may vary significantly from AspenTech’s expectations based on a number of risks and uncertainties, including, without limitation: customers’ failure to adopt the new aspenONE licensing model at the rate expected by AspenTech; AspenTech’s failure to realize the anticipated financial and operational benefits of the new aspenONE licensing model; unforeseen difficulties or uncertainties in the application of accounting standards; weaknesses in our internal controls; and other risk factors described from time to time in AspenTech’s periodic reports filed with the Securities and Exchange Commission.

AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. AspenTech expressly disclaims any current intention to update forward-looking statements after the date of this press release.

Source: Aspen Technology, Inc.

Full financial tables are available in the printer friendly PDF link at the top of this page.


Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal Year 2010
Burlington, Mass. - September 02, 2010 - Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, today announced financial results for its fourth quarter and fiscal year 2010, ended June 30, 2010. »

AspenTech Wins Chemical Processing Magazine 2010 Readers’ Choice Award for Seventh Consecutive Year

aspenONE Receives Five Times More Votes for Process Simulation Software and Two and Half Times More Votes for Plant Design Software than Nearest Competitors

Burlington, Mass. – August 30, 2010 – Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, today announced it won multiple Chemical Processing Magazine 2010 Readers’ Choice Awards. aspenONE Engineering received five times more votes for the best process simulation software and two and a half times more votes for best plant design software than the nearest competitors. A record 1,265 readers participated in this year’s poll.

Supporting Quote
Blair Wheeler, SVP of Marketing, AspenTech

“This recognition of AspenTech’s leadership position is especially significant because voting is done by the leading experts at process industry companies from around the world. With aspenONE, we continue to focus on providing process optimization software that delivers high value for our customers. It is especially gratifying that the execution of that mission is recognized by leading process industry companies who use our software every day to achieve superior financial and operational results.”

Supporting Resources

About AspenTech
AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

AspenTech Wins Chemical Processing Magazine 2010 Readers’ Choice Award for Seventh Consecutive Year
Burlington, Mass. - August 30, 2010 - Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, today announced it won multiple Chemical Processing Magazine 2010 Readers’ Choice Awards. aspenONE Engineering received five times more votes for the best process simulation software and two and a half times more votes for best plant design software than the nearest competitors. A record 1,265 readers participated in this year's poll. »

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