SOURCE: Sabrix

August 24, 2005 08:00 ET

Sabrix Continues to Expand Roster of Customers and to Post Strong Growth

Software Company Delivers Consolidated Transaction Tax Systems to Some of Industry's Biggest Names in First Half of 2005

SAN RAMON, CA -- (MARKET WIRE) -- August 24, 2005 -- Sabrix, Inc., the leading provider of Consolidated Transaction Tax Management™ applications, today announced that customer acquisition in the first half of 2005 reached its highest levels in the company's brief history. The company enjoyed approximately 115% growth over its customer acquisition numbers for the same period in 2004, continuing to fuel its market momentum in sales, use, and value-added tax (VAT) management software and services.

Following its recognition last year by Deloitte Technology as the eighth fastest-growing young technology company in the U.S., Sabrix continued to aggressively grow its customer base, counting amongst its new customers such thought leaders in tax as IBM, Caterpillar Financial Services Corporation, and others among the Fortune 500, along with progressive companies like Chick-fil-A, one of the largest privately owned restaurant chains in the nation. Some of the other new customers added to the Sabrix roster include:

--  One of the world's largest automobile manufacturers
--  One of the Fortune 500's largest diversified technology companies
--  A national provider of cable, entertainment, and communications
    products and services
--  A leading national retail supplier of pet products, services, and
    solutions
--  A leading provider of electronic payment and risk management solutions
--  A worldwide leader in flat-panel display systems
--  A world leader in unified storage solutions
--  The leading vacation property management company in North America
    
"The customer adoption of the last six months has been important for us and for our customers as we continue to build a leadership position in consolidated transaction tax management," noted Steve L. Adams, president and CEO of Sabrix. "We've had the opportunity to partner with two of the ten largest companies in the world, grow our roster of Fortune 500 companies, and satisfy the requirements of recognized leaders in many of the major industries here in the U.S. As a result, we've also been able to strengthen our product, our services, our support, and our company in general. We are honored that these companies have selected our consolidated approach to transaction tax management as the best way to automate and manage tax compliance."

About Sabrix

Sabrix is the leading provider of Consolidated Transaction Tax Management software and services, enabling tax and IT professionals to manage sales, use and value-added taxes (VAT) with consistent accuracy, control, and efficiency. Sabrix's Transaction Services-Oriented Architecture™ provides a consistent way to determine, calculate and record any transaction-related tax to manage compliance and optimize cash flows, for a single application or on a global scale. The company's customers include BASF, Cendant, Cisco, DTE Energy, IBM and York International. Founded in 2000, Sabrix is based in San Ramon, California, with operations in Atlanta, Boston, Chicago, Los Angeles, New York, Portland, San Francisco, and London. For more information, go to www.sabrix.com.

Sabrix, Consolidated Transaction Tax Management and Transaction Services-Oriented Architecture are trademarks of Sabrix, Inc. All other names are trademarks or registered trademarks of their respective holders.

Contact Information

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