Press Releases

Hyperwave Again Exceeds Analysts' Expectations

October 20, 2000

Hyperwave's Quarter Three results (01 July - 30 September 2000) have laid the foundations for further growth. These results show a clear increase in turnover for Hyperwave, founded in 1997, a leading provider of innovative content and knowledge management solutions and enterprise information portals. Analysts had predicted a turnover of 3.1 million euros, however the actual turnover of 3.5 million euros was well over target. Com-pared to the same quarter of the previous year (1.4 million euros), turnover has more than doubled. 67% share of the total turnover in the first nine months of the current year was achieved in Germany, Austria and Switzerland. While US turnover was 26%, with the remainder being generated in the European subsidiaries in Great Britain and France.

Software Licensing Business - A New Income Resource

69% of the overall turnover in the current year was generated by software licenses, guaranteeing Hyperwave an income independent of third parties. The consultancy business represented 19% of the turnover, whereas 9% was generated by support and 3% by training. Despite large investments in research and development, web-based training (WBT), and expansion of sales, the result of normal business activity was better than expected, with a deficit of 2.5 million euros compared with the analysts' estimate of 3.5 million euros (both figures adjusted for financing costs).

Further Expansion Planned

To be "number one in the world" is the declared aim of Gerhard Pail, financial chairman of Hyperwave. In the last quarter, the company secured 17 new international customers including Klüber, Merck and Nature Conservancy (USA). Hyperwave also plans to invest in the Graz Research Centre for Knowledge Management. This will give them access to a further 50 R&D workers and the ability to maintain the current technological advantage in the future. This new commitment is an extension of the existing comprehensive grant programme.

Ensuring Competitive Advantage

An extensive expansion of the partnership business is planned with names like IDS Scheer, debis Systemhaus, CSC Ploenzke and Pixelpark appearing on the list of potential candidates. The aim of Hyperwave is to be the worldwide leading provider of Intranet, Internet and Extranet software solutions, as well as company-specific applications. Hyperwave tailors these solutions to the individual needs of each of its customers and companies like the Hessische Landesbank already rely on the technology from Munich.

New partners, customers and the continuing international expansion will maintain Hyperwave's competitive advantage. Renowned venture capitalists are putting their trust in Hyperwave, and are providing revenue for further expansion. It is anticipated that this capital will be further bolstered by a stock market quotation.

© 1997 - 2005 Hyperwave AG. All rights reserved.