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NEW CUSTOMERS DRIVE RECORD GROWTH FOR Q.KNOW IN 2004
– Information Visibility Requirements Fuel Rapid Adoption by Financial Services Companies –
RESTON, Va. – January 27, 2005 – Q.Know Technologies Inc., a global provider of information management software, reported it exceeded 2004 revenue expectations while continuing to achieve related development milestones, positioning the company for broad horizontal and geographic acceptance in the new year. Users’ need for automatic filing and organizing of all related company-wide electronic information (including e-mail) combined senior mangers’ need for complete visibility is driving the growth surge for Q.Know in its initial target market.
During the second half of 2004, leading reinsurance, insurance and financial services companies, such as Arch Reinsurance (NASQ: AGCL), Aspen Re (NYSE: AHL), IPCRe (NASQ: IPCR) and Orbis Investment Management, adopted the Q.Know software with its simple and intuitive approach to business and end-user problems. These companies, and several others, have reported significant productivity gains by processing more policies and deals while ensuring 100 percent compliance with best practices.
"Q.Know had a tremendous 2004 by maintaining our focus on the financial services market and executing according to our business strategy," stated Q.Know President and CEO Vineet Kalucha. "The caliber of our clients and the talent of our people at Q.Know are evidence that electronic information management is top-of-mind for industry leaders, as well as some of the best technologists our market has to offer. We are looking forward to a busy, exciting 2005."
During the fourth quarter of 2004, the company also devoted incremental investment in the expansion of new channel development, marketing and engineering to continue the momentum and create broader revenue traction in the year ahead.
Q.Know Technologies, Inc. develops software that solves the most challenging problem in business computing – the ability to automatically and accurately file, retrieve, manage and share unstructured electronic information. The result is instant access to enterprise-wide information, realtime deal visibility, ensured regulatory compliance and improved customer satisfaction. Q.Know works seamlessly across existing applications, such as Microsoft Outlook® and Office®, and is quickly implemented and easily learned. For more information, please visit www.qknow.com.
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