SOURCE: Day Software Holding AG

July 28, 2010 01:17 ET

Day Software Reports Revenue Growth of 47% for 1H 2010

BASEL, SWITZERLAND--(Marketwire - July 28, 2010) -

Day Software Holding AG / Day Software Reports Revenue Growth of 47% for 1H 2010 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Continued Acceleration of CQ5 Adoption Globally Drives 71% License Revenue Growth and 15% Net Profit

Basel, Switzerland and Boston, Massachusetts - 28 July 2010 - Day Software Holding AG (SWISS: DAYN) (OTCQX: DYIHY), a provider of open, standard-based content infrastructure and content management software, today announced record revenue growth and strong operating results for the first half of 2010. In a separate announcement, Day Software also announced today that it has entered into a definitive agreement with Adobe Systems (NASDAQ: ADBE) for Adobe to launch a public tender offer to acquire all of the publicly held registered shares of Day Software for CHF139 per share in cash in a transaction valued at approximately CHF255 million on a fully diluted equity-value basis. More details regarding the transaction are available in the joint press release issued by Adobe and Day Software earlier today, which can be found at http://www.adobe.com/aboutadobe/invrelations.

Day reported total revenues of CHF 25.1M, an increase of 47% from total revenue of CHF 17.0M for the first half of 2009. License revenue accounted for 49% of total revenue at CHF 12.4M, an increase of 71% from total license revenue of CHF 7.2M for the first half of 2009. Strong customer renewals drove CHF 7.1M in support and maintenance revenue, or 28% of total revenue, with services revenue totaling CHF 5.5M for the period. Day also reported net income of CHF 3.7M for a total profit margin of 15%. Total cash at the close of the first half of 2010 was CHF 27.2M, a 49% increase over 1H 2009.

"The first half of 2010 saw continued acceleration of Day's momentum," said Erik Hansen, CEO, Day Software. "In Q2 alone, we saw a record number of 23 new customers adopt our CQ5 content management platform as organizations around the globe place an investment priority on driving business through the online and mobile channels and migrate away from legacy, Web 1.0 content management systems. I'm also pleased by the continued expanded investment in CQ5 within our installed base, with twenty customers broadening their deployment of our CQ5 Web Content Management (WCM), Digital Asset Management (DAM), and Social Collaboration (SoCo) offerings."

Customer Success Highlights

Day saw accelerated customer acquisition and installed base investment in CQ5 in all theatres of operation with 36 new enterprise customers. Select highlights in major IT markets include:

* Germany. BMW, Lufthansa, HUK-COBURG and GfK

* United States. Hyatt Corporation, Dunkin Brands, PayPal, Scottrade, and Sotheby's

* United Kingdom. News International and Skype

* Japan. Brother International

In addition, Day saw increased installed base revenue in 1H 2010 with 20 new CQ5 transactions. Major customer reorders include:

* Automotive. General Motors (GM), Daimler, Audi, and Volkswagen

* Financial Services. Royal Bank of Scotland (RBS) and UBS

* Media and Entertainment. Newsweek, MTV, and Nielsen

* Transportation & Logistics. Fraport and TNT


Product and Industry Leadership Highlights


* In January 2010, Day released its CQ 5.3 Web Content Management (WCM), Digital Asset Management (DAM), and Social Collaboration (SoCo) product suite. This release, showcased earlier to Day's customer and partner community in October 2009 at Day's Ignite Global Customer Summit, catalyzed new customer opportunities and installed base investment in product upgrades and CQ add-on modules.

* In March 2010, Day released its CRX 2.1 Enterprise Content Management (ECM) platform. This release was followed in April 2010 with the launch of Day's online catalog of downloadable components and applications, PackageShare. Both CRX 2.1 and PackageShare together accelerated Day's traction with developer downloads, yielding new sales opportunities and continued acceleration of CQ5 transactions through greater IT awareness and exposure to CQ5 core infrastructure foundation, CRX.

Business Highlights


* Day continued aggressive growth of its worldwide ecosystem of partners. In the first half, Day signed new global partnership agreement with two leading worldwide interactive agencies, SapientNitro and LBi. In addition, Day established two new major technology partnerships with Endeca and translation.com for pre-integrated, best-of-breed enterprise search and translation management with CQ5.

* Day nearly doubled its sales and customer support capacity in North America to meet the fast growing enterprise customer demand for CQ5, and continued its global expansion with the launch of two new regional offices in Europe in the first half of 2010, opening new offices in Amsterdam in the Netherlands and Madrid, Spain.

"We continue to be pleased by the very positive momentum of our business and the continued increase in customer and partner awareness and demand for new CQ5-based solutions," said CEO Hansen. "Global brands clearly recognize the need to invest in the online channel and new mobile customer experiences. With our continued acceleration in 1H 2010, our CQ5 platform is taking a prominent position in the market."

About Day - www.day.com

Day Software is the ECM pioneer that leading global enterprises rely on for their Web 2.0 content application and content infrastructure needs. Day's Content Repository Extreme (CRX) is the industry's leading Java Content Repository (JCR) that provides unique virtualization services to consolidate legacy repositories and unique cloud computing services to lower IT operational costs. Day's Communique 5CQ5 provides industry-leading Web Content Management, Digital Asset Management, and Social Collaboration in a single, unified suite and won the 2009 InfoWorld Technology of the Year Award for "Best Web CMS".

Day is an international company with headquarters in Basel, Switzerland and Boston, Massachusetts, traded since April 2000 on the SIX Swiss Exchange, and "Over the Counter" (OTC) as American Depositary Receipts (OTCQX: DYIHY). Day's customers are worldwide leading global enterprises, including: Adobe, Audi, Volkswagen, Daimler, BMW, General Motors, Nissan, Williams Sonoma, John Lewis, Hyatt, Intercontinental Hotels Group, McDonalds, Newsweek, and MTV.

A Warning Regarding Forward-looking Statements

This press release may contain forward-looking statements regarding future events or the future performance of Day Software Holding AG and its subsidiaries (the "Company"). Words such as "expects," "plans," "believes," "may," "will," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements speak only as of the date hereof. Such information is subject to change, and we will not necessarily inform you of such changes. Actual events or results, of course, could differ materially and adversely from those expressed in any forward-looking statement. The Company does not make filings (e.g., Forms 10-K and 10-Q) with the Securities and Exchange Commission under the Securities Exchange Act of 1934.

For Further Information

Peter Nachbur
Day Software AG
Barfuesserplatz 6
4001 Basel, Switzerland

T +41 61 226 98 98
E-Mail: peter.nachbur@day.com

Further and more detailed information on the financial results for the first half year 2010 is available immediately for interactive viewing online at: http://www.day.com/ investors and for download here: http://www.day.com/financialreports.

Further and more detailed information on Day Software's announcement of its definitive agreement with Adobe can be found in the joint press release issued by Adobe and Day Software earlier today, which can be found at http://www.adobe.com/aboutadobe/invrelations.

The English text of this press release represents the binding version.

[HUG#1434346]

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Day Software Holding AG
Barfüsserplatz 6 Basel Schweiz

WKN: 936168;ISIN: CH0010474218;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;

Day Software 1H 2010 Results: http://hugin.info/131802/R/1434346/379992.pdf

Day Software 1H 2010: http://hugin.info/131802/R/1434346/379996.pdf


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Source: Day Software Holding AG via Thomson Reuters ONE

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