Platform Computing's Strategy Pays Off With Strong Growth

TORONTO, May 1 /PRNewswire/ -- Platform Computing, the global leader in High Performance Computing (HPC) management software, has achieved record revenue for its fiscal year ending March 2008. The self-funded software company builds on 15 years of continuous profitable growth, a record unheard of in the technology sector. In addition, Platform has been ranked 9th in Canada's Top 25 Software Companies by the Branham 300, the first time the company has broken into the top 10. The Branham 300 is considered the benchmark by which Canadian information technology companies measure their success.

Platform Computing, with over 2,000 customers globally, delivers HPC management software that accelerates compute and data intensive applications, and manages cluster and grid systems. These solutions enable organizations to improve time-to-results and reduce computing costs. The company's strategy is to offer the entire suite of HPC management software for industries such as Electronics, Industrial Manufacturing, Financial Services, Life Sciences, Oil & Gas, and Government & Education. In 2007 Platform acquired the Scali Manage line of business from Massachusetts-based Scali Inc. to further enhance Platform's cluster management capabilities. Platform continues to expand in new markets and saw the strongest growth in Financial Services where revenues doubled year over year.

"In a very competitive market, Platform Computing has completed yet another year of strong and profitable growth which validates the company's strategy to lead and expand the HPC space," said Songnian Zhou, CEO, Platform Computing. "As HPC management software becomes increasingly critical, the value Platform delivers to its customers is in making it easier to deploy and accelerate applications, manage compute systems and thereby reduce costs. Partnerships with industry leaders such as Dell, HP, IBM, Intel, Microsoft, Red Hat and SAS enable customers to easily adopt and deploy HPC solutions by leveraging this indirect channel. These partners continue to provide customers with the most efficient and easy to implement solutions."

"The High Performance Computing market continues to see strong growth with 2007 growing by a full 15% to reach US $11.5 billion in server sales," said Earl C. Joseph, Vice President, IDC, High Performance Systems. "A crucial part of HPC clusters is the ability to manage the cluster, including job and system management, which are consistently identified by end-users as the top requirements for their clusters. Platform Computing's performance in 2007 is a testament to the company's position as a leader and trend setter in the High Performance Computing space."

About Platform Computing

Platform Computing is a pioneer and the global leader in High Performance Computing (HPC) management software. The company delivers integrated software solutions that enable organizations to improve time-to-results and reduce computing costs. Many of the world's largest companies rely on Platform to accelerate compute and data intensive applications and manage cluster and grid systems. Platform has over 2,000 global customers and strategic relationships with Dell, HP, IBM, Intel, Microsoft, Red Hat and SAS, along with the industry's broadest support for HPC applications. Building on 15 years of market leadership, Platform continues to define the HPC market. Visit http://www.platform.com.