TerraGo Technologies Record Growth 1st Half 2008

23 July 2008, 11:29am

ATLANTA, GA – July 23, 2008 – TerraGo® Technologies, the visionary provider of tools, technology and know-how for building collaborative geospatial applications (GeoApps), today announced that the fiscal half year ending June 30, 2008 was one of the expanding young company’s strongest on record. Most notably, license fee revenue was up 85 percent for the first half of the year as compared to the same period in 2007, due to a combination of cutting-edge tools and technology, key strategic partnerships and a new leadership team.

“This is a time full of opportunity for TerraGo, and our company is well positioned for continued strength and momentum as we move into the second half of 2008,” said Richard M. Cobb, president and CEO of TerraGo Technologies. “The beneficiaries of this success are the end users of GeoApps, customers such as defense and intelligence professionals, emergency responders and utility workers. I am energized by the positive developments from the first half of 2008 and look forward to continued momentum in the coming months.”

Notable recent corporate achievements include:

· Fiscal strength – In addition to explosive first-half growth, 2008 quarter-on-quarter software license sales were up over 50% from Q1 to Q2.

· Customer adoption – TerraGo added 118 revenue-generating customers in the first two quarters of 2008, bringing the total to more than 600 in over 40 countries worldwide. Web site downloads of the TerraGo Geospatial Toolbar, an easy-to-use, free application leveraged by over 250,000 professionals to collaborate in geospatial work processes, grew to a record monthly rate of 10,000 in June.

· Growing, experienced management team – Several strong GIS and software veterans joined TerraGo to lead the company’s future direction and growth, including Richard M. Cobb, president and CEO and Anne Hale Miglarese, a geospatial industry veteran and newest director on TerraGo’s board. The company today announced a recent addition to its management team as Suzanne Henderson joins TerraGo as vice president of engineering.

In her new role, Henderson manages all application development initiatives for TerraGo’s advanced tools and technology, ranging from professional products for building digital mapbooks and other GeoApps that combine data from a variety of sources and GIS software tools, to the soon-to-be-released TerraGo Mobile platform. Most recently, Henderson served as vice president of engineering for GuardedNet, a successful venture-backed organization that was ultimately acquired by IBM. Prior to joining GuardedNet, she was vice president of engineering for Clarus Corporation, where she led development of the company's procurement, sourcing and financial settlement products. Before Clarus, Henderson held a variety of management positions with other technology industry leaders, including Dun & Bradstreet Software and TSW International.

·Partner development – TerraGo’s most significant recent partnership, signed last month, is a comprehensive joint Alliance Agreement with Adobe® Systems establishing TerraGo as an Adobe Gold Level Partner. Under terms of the agreement Adobe will provide support for TerraGo’s GeoPDF® in the new Adobe Acrobat® 9 software. In turn, TerraGo’s software tools will support geo-enabled PDF files from Adobe and other vendors, allowing customers to easily build and deliver GeoApps for use by anyone, anywhere, regardless of data format or application source. In addition, TerraGo is now an Adobe LiveCycle™ reseller.

www.terragotech.com

Geo: International