Acuo Technologies Announces Another Significant Sales and Implementation Growth Year

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March 1, 2010
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Acuo Technologies Announces Another Significant Sales and Implementation Growth Year

BLOOMINGTON, Minn., March 1 -- Acuo Technologies, developers of the market leading high-performance software for intelligent medical image management, data migration tools and services, announces another year of record growth during Fiscal Year 2009. The company achieved 51% growth over the previous year in sales bookings and a GAAP revenue increase of 52%, while adding an additional 80 implementations of the DICOM Services Grid(TM) software solution; totaling over 475 implementations worldwide. The company has experienced a compounded annualized increase of 122% in sales bookings and 63% in GAAP revenue over the past 3 years. Furthermore, the company increased the revenue backlog 61% from 2008. In the second half of the year, the company signed major enterprise software license deals with healthcare institutions in Canada, Colorado, Western Pennsylvania (2 deals), Louisiana, Michigan, and Minnesota.

"I am very pleased to see the continued market acceptance of Acuo's DICOM Services Grid software solution suite and advanced professional service offerings," stated Jeff Timbrook, CEO. "I want to personally thank our partners and customers for another great year in our company's history despite economic conditions present in 2009. In order to service the growth in business, we have recently increased our support and operations staffing levels by 34%, along with continued focus and staffing in research and development, further driving product innovation. We look forward to 2010 as we continue to ramp up for another significant growth year."

Acuo Technologies will be showcasing new software features that include a real time dashboard technology, image sharing and exchange software, and an enhanced API for non-DICOM objects via web services at HIMSS 10 booth #2257. By freeing the archive function from PACS, the Acuo DICOM Services Grid allows healthcare institutions to finally own their own digital imaging data offering institutions data liquidity, without future data migration headaches.

About Acuo Technologies

Acuo Technologies, with headquarters in Bloomington, MN, was founded in 2000, and is a market leader in the development of high-performance software for intelligent medical image management, data migration tools and services. The Company's DICOM Services Grid(TM) is an enabling open systems software solution to house digital medical imaging content for any healthcare enterprise. Over 475 system implementations around the world have deployed AcuoMed® and AcuoStore® software solutions. For more information, visit http://www.acuotech.com.

DICOM is the registered trademark of the National Electrical Manufacturers Association for its

standards publications relating to digital communications of medical information.

Source: Acuo Technologies
   

CONTACT:  Gerry Fitterer, Chief Financial Officer of Acuo Technologies,
+1-952-905-3440, gfitterer@acuotech.com

Web Site:  http://www.acuotech.com/

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