SOURCE: Cast Iron

March 25, 2008 08:00 ET

Cast Iron Systems Announces Record First Quarter 2008 Results

SaaS Integration Leader Builds on 2007 Momentum With Substantial Growth in New Customers, Partners, and Solutions

MOUNTAIN VIEW, CA--(Marketwire - March 25, 2008) - Cast Iron Systems, the fastest growing SaaS integration vendor, today announced that its first fiscal quarter, which ended on February 29, was the largest in the company's history. Last year, Cast Iron doubled its business, with demand for SaaS application integration using the company's integration appliances reaching its tipping point. This momentum continues into the new fiscal year with Cast Iron adding new products and partners, plus gaining customers in a wide variety of industries including AmerisourceBergen, one of the largest pharmaceutical services companies in the world; Aravo Solutions, the leading provider of on-demand Supplier Information Management (SIM) software and services; IBA Molecular, a global manufacturer of radiopharmaceuticals, isotopes, and cyclotron solutions; Krueger International, one of the largest furniture manufacturers in the country; and The Sports Authority, the largest U.S. full-line sporting goods retailer.

"Cast Iron's continued high growth rate demonstrates that our configuration approach to integration is winning in the marketplace," said Ken Comée, CEO at Cast Iron Systems. "As demand for SaaS solutions continues to grow at a staggering pace, Cast Iron is well positioned to capitalize on this thanks to our strategic and technological leadership in integrating SaaS with other on-demand and on-premise applications."

"The Cast Iron integration solution simplifies and accelerates integration between our on-demand SIM solution and our customers' legacy business systems," said Brian Davidson, chief operating officer at Aravo Solutions. "Aravo's SIM solution enables our customers to collect and manage essential supplier information. Using Cast Iron, Aravo's SaaS application can efficiently and securely disseminate information throughout each customer's extended enterprise, ensuring accurate and timely updating of supplier information across all enterprise systems."

In Q1, Cast Iron launched new solutions for integrating SaaS applications with both on-demand and on-premise applications on either side of the firewall. The company is offering these integration solutions in cooperation with new partners such as Web operations experts OpSource and leading outsourced EDI service provider SPS Commerce. In February, Cast Iron launched virtual and physical integration appliances for OpSource independent software vendors (ISVs) to connect on-demand and on-premise applications rapidly and securely.

According to Treb Ryan, CEO at OpSource, "We're working with Cast Iron because of their extensive experience in integrating SaaS with legacy business systems. Clearly, integration is critical, and hundreds of customers have proven the value of Cast Iron's solution with their successful deployments."

"In addition to continued rapid growth in our customer base, we are enjoying a much higher level of activity in our partnerships," said Ron Wastal, vice president of business development and channel sales at Cast Iron Systems. "With partner involvement in nearly 100 opportunities in Q1, and with hundreds of partner-influenced opportunities in the pipeline, it's evident that Cast Iron has the integration expertise and solution both ISVs and system integrators want."

About Cast Iron Systems

Founded in 2001, Cast Iron Systems is the fastest growing SaaS integration vendor. The company's flagship iA3000 SaaS application integration appliance garnered Network Computing's Product of the Year for two consecutive years. Cast Iron has hundreds of customers across all industries and around the world, including Allianz, British American Tobacco (BAT), AmerisourceBergen, Emerson, IBA Molecular, Krueger International, Peet's Coffee & Tea, PGP Corporation, Salesforce.com, The Sports Authority, and Tesla Motors, among many others. Backed by Sequoia Capital, Norwest Venture Partners, and Lehman Brothers, Cast Iron is privately held and led by experienced technology executives from Informatica, PeopleSoft, Siebel, Oracle, Vitria, and webMethods. For more information on Cast Iron Systems, please visit www.castiron.com.

Cast Iron, the Cast Iron logo, Cast Iron Integration Appliance, and iA3000 are trademarks of Cast Iron Systems in the United States and worldwide. All rights reserved.