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17.03.2010 17:44:00

Codima Inc. (CDMA) Leverages Global Rollout Accelerating Forward Momentum

Codima Inc. (CDMA), global provider of integrated network management software products for companies scaling from the small enterprise to the Fortune 100’s, today announced that the company is leveraging its global expansion and product launches in 2009, contributing to its solid performance driving growth.

Following the May 2008 acquisition of software developer Codima Technologies Ltd, a UK-based development company founded in 2003, Codima Inc. has completed its rollout phase with a fully operational global sales and support organization in 11 markets covering 40 countries.

Leveraging its local presence, the customer database has grown to over 2,700 users ranging from medium to large enterprises, carriers, system integrators and service providers. Codima has added 10 new resellers to its global partner network in the past months.

"Utilizing a cost efficient distribution model, having local offices with local business networks marketing our products to end-users as well as resellers, contributes to our recent success,” said Christer Mattsson, CEO of Codima Inc.

In late 2009 the company successfully launched in Latin America. Codima’s success was driven by a significant demand for its end-to-end software solution Codima Toolbox targeting both the traditional IT market and the expanding VoIP market. Codima closed its first significant deal in Latin America in February 2010.

"Codima capitalizes on product development investments and has been able to optimize performance by operating locally in the expanding global market offering a unique product. With continued strong demand and interest in the products, the company continues forward momentum during 2010,” comments Codima’s CFO Trevor Roberts.

Other highlights:

  • Trevor Roberts was appointed CFO and board member adding in-depth financial expertise
  • A Microsoft Certified Partner, Codima was promoted in the Microsoft Visio campaign targeting the global enterprise market and the US federal market
  • An on demand webinar and tutorials available worldwide 24/7 were launched
  • In February 2010 Codima established a local office in Dublin, Ireland
  • The Latin American operations expanded with additional offices in Santiago and Rio de Janeiro
  • An online portal was launched to better serve reselling partners

Cautionary Note Regarding Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding the Company's beliefs and expectations about the performance and benefits of its technology; marketing and commercialization activities; and our beliefs regarding research and development efforts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements herein are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after this date.

ABOUT CODIMA Inc.

Codima Inc. (CDMA), headquartered in Philadelphia, PA with global reach supported by eleven offices across North America, EMEA, Latin America, Asia and Australia, provides best practice software tools to help organizations manage their IT networks. Fully automated and fully integrated, Codima Toolbox delivers tools for network inventory, mapping, pinging and monitoring using Microsoft® Office Visio® as well as pre- and post-deployment VoIP network management. Codima Toolbox serves financial institutions, governmental agencies, service providers and large organizations in addition to medium and large companies. The company is a Microsoft Certified Partner and an Avaya DevConnect Gold Partner reselling online and through partners globally.

www.codimatech.com

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