Cytiva Software Announces Record Third Quarter
<p><strong>Emeryville, Calif. — 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 />• 4 percent EBTDA profit compared to $218k loss in Q306.<br />• 67 percent year-over-year increase in revenue.<br />• 13th consecutive period of quarter-over-quarter growth.<br />• 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 />“Despite volatile financial markets, Cytiva’s third quarter results remain consistent,” said Jason Moreau, CEO of Cytiva Software. “Strong sales, satisfied customers and SonicRecruit's recurring revenue model continues to fuel Cytiva'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>
