Cytiva Software Announces Record Third Quarter

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<p><strong>Emeryville, Calif. &mdash; Dec. 17</strong><br />Cytiva Software Inc., a talent management software vendor, has released audited financial statements for the three-month period that ended Sept. 30, 2007.<br /><br />Third quarter highlights include:<br /><br />&bull;    4 percent EBTDA profit compared to $218k loss in Q306.<br />&bull;    67 percent year-over-year increase in revenue.<br />&bull;    13th consecutive period of quarter-over-quarter growth.<br />&bull;    37 percent year-over-year increase in deferred revenue.<br /><br />The quarter was highlighted by new customer wins with McNeil Technologies, CafePress and Ocean Spray Cranberries; contract extensions with Mazda and Dyncorp and SonicOnboard onboarding module and SonicVendor vendor management module sales to existing clients like Mazda, TriZetto and Mannkind.<br /><br />&ldquo;Despite volatile financial markets, Cytiva&rsquo;s third quarter results remain consistent,&rdquo; said Jason Moreau, CEO of Cytiva Software. “Strong sales, satisfied customers and SonicRecruit&#39;s recurring revenue model continues to fuel Cytiva&#39;s impressive results.”<br /><br />The release of audited Q3 financials comes on the heels of news that Cytiva has signed a letter of intent to acquire medical education administration and employee performance management software vendor, one45 software. </p>

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