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Rova Software Announces Another Year of ProfitabilityFirm Projects Another Year of Growth & Profitability New York City, NY, February 27, 2006 - Rova Software, a leading provider of enterprise mobility software, today announced it has completed its fifth straight year of profitability. A number of other significant financial milestones were achieved in 2005 including a debt-free balance sheet and year-over-year revenue growth in excess of 50%. "We continued to grow our business and expand our offerings in 2005", said Joe Bronowich, CEO of Rova. "We believe we are well positioned to capitalize on the growth of the mobility market as a greater percentage of companies enable the benefits of a flexible and remote workforce. Our business model of licensing software to large enterprise accounts that want to expand, yet maintain control, of their mobile program while exercising independence from carriers and aggregators, is becoming the preferred method for realizing the maximum benefits of mobility." |