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News Release ON Technology Comments on First
Quarter Sales; Leading organizations select ON
Command CCM to reduce costs Waltham, MA, April 5, 2001 – ON Technology (Nasdaq NM: ONTC), a leading provider of remote software delivery solutions, today announced that it expected sales for the first quarter ended March 31, 2001 to be up 25 percent from last year’s first quarter sales of $4.1 million. According to ON Technology Chairman, President & CEO Robert L. Doretti, the quarter was highlighted by a number of new customer wins, expansion in the Call Center vertical market, and several important repeat customer orders. Doretti commented, “The current economic climate is causing many organizations to focus on technologies that dramatically improve the bottom line while simultaneously enhancing customer satisfaction. We look forward to helping our customers achieve these objectives with our industry-leading products and services.” During the quarter, the Company continued to win business against competitive products such as Microsoft SMS and IBM/Tivoli Enterprise. Customers chose the Company’s flagship product, ON Command CCM™, because it is significantly easier to use and faster to implement than competitive offerings. In addition, ON Command CCM provides a more comprehensive set of software management capabilities, which significantly lowers IT infrastructure costs while increasing the productivity of employees in mission-critical operations such as customer call centers. Many of the company’s customers are also using ON Command CCM to save time and money by automating their migration to Windows 2000. New and repeat customer orders for the first quarter included orders from:
About ON Technology Corporation ###
ON Technology, ON Command, and ON Command CCM are registered trademarks, and the ON logo and ON iCommand are trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and other countries. All other brand names and trademarks are properties of their respective owners. The statements in this press release that relate to ON Technology’s future plans, events and performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, including the current weakness in the global economy, demand for the Company’s products and services, performance of the Company’s direct and indirect distribution channels, competitive pressures, market acceptance of the Company’s new products and technologies, and the risk factors detailed from time to time in ON Technology’s periodic reports filed with the Securities and Exchange Commission, including without limitation the Company’s Quarterly Report on Form 10-Q for the third quarter of 2003 filed in November 2003. Actual results and performance may differ materially due to these and other factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. ON Technology undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained in this press release that may reflect events or circumstances occurring after the date of this press release.
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