Confirmit Announces Double-Digit Growth in Q1 2009


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Company Signs 7 Figure Contract With Leading Global Retailer

New York, NY and Oslo, Norway, May 19, 2009 – Confirmit, the world’s leading vendor of software for Customer Feedback, Employee Feedback, and Market Research applications, today announced its first quarter results, delivering double-digit organic growth. Revenue from new clients for the quarter was at an all time high for the third consecutive quarter.

Highlights of Confirmit’s Q1 2009 performance include:
• A 7-figure contract with a leading global retailer for its Customer Feedback program
• The third successive quarter of record breaking new business growth
• Release of Confirmit Horizons, the world’s first fully On Demand multi-channel platform for Market Research, Customer Feedback and Employee Feedback
• Three-year contract with industry leader Rackspace to continue to manage the On Demand environment, delivering 99.995% uptime during the quarter.

“We’re pleased to see continued growth in our business despite a global economy that contracted during the first quarter,” said Henning Hansen, President and CEO of Confirmit. “This validates our contention that understanding the voice of those most important to your business, your customers and employees, continues to be a key driver of IT investment for Global 1000 businesses.”

Pat Molloy, Confirmit’s Chief Strategy Officer, commented, “The release of Confirmit Horizons as well as the first sales of the platform during the quarter indicates the need for a fully On Demand software platform for multi-mode research. Confirmit is now poised as the leading end-to-end software product to meet the needs of global Market Research agencies.”

Hansen concludes, “Confirmit continues to be a fast growing, profitable business with positive cash flow and no debt. With the demonstrated continued viability of our business we look forward to continuing to be the vendor of choice for global 1000 enterprises and market research agencies.”

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