iET Solutions extends growth, leadership in it service management and software asset management markets with solid quarterly and annual fiscal results in 2009

Annual profit increased 118% and flagship product revenue increased 25% in 2009, iET Solutions’ sixth consecutive year of growth

iET Solutions, a leading global supplier of IT Service Management solutions, today announced continued, steady growth during fiscal year 2009, as well as solid results for the fourth quarter in 2009, both of which ended on December 31, 2009.  The announcement was made at the HDI Annual Conference at the Rosen Shingle Creek in Orlando, Florida, taking place March 15-19, 2010.

iET Solutions maintained a solid performance during the FY ’09 with revenues increasing 14%, compared with the FY ’08, which is twice the industry’s average growth rate. Compared to fiscal year 2008, iET Solutions’ overall profits in fiscal year 2009 increased 118% with the addition of 23 new customers and an increase in overall deal size by over 20%. The broad appeal of iET Solutions’ IT Service Management (ITSM) and Software Asset Management (SAM) products were a result of adoption by enterprise organizations and expansion in North American and Australian regions, as well as a continued strong presence in EMEA.  

“2009 was a challenging year for a lot of companies, as well as their clients. Fortunately, as our latest annual results indicate, iET Solutions was able to rely on the benefits our products bring to organizations to achieve a record breaking year,” said Walter Elliot, CEO of iET Solutions. “In 2009, we focused on strengthening our position in North America and EMEA as a leader in ITSM solutions, and entered into the SAM market with the industry’s first entitlement-based SAM solution, iET License Entitlement Center. In 2010, we’ll continue executing on that vision and listening to the needs of our clients in order to provide the industry with technology innovations that help increase the efficiencies of IT departments and reduce those organizations’ IT costs.”

Media Contact

Shulangani Buchholz
+49 89 74 85 89 0

About iET Solutions

iET Solutions, a division of UNICOM Global, helps large and midsize enterprises to increase the efficiency and security of their IT operations and infrastructure. Organizations around the world use software from iET Solutions for IT service management (ITSM), software asset management (SAM) and enterprise service management (ESM). The company has more than three decades of experience in service management and works with organizations across all industry sectors.

About UNICOM® Global

UNICOM Global consists of more than fifty (50) corporate entities encompassing a wide range of businesses across all geographic regions. With its corporate headquarters in Los Angeles, California, to offices in Illinois, Kentucky, Florida, Massachusetts, Maryland, Minnesota, New Hampshire, North Carolina, New Jersey, Texas and Virginia, throughout EMEA in the UK, Ireland, Germany, France, Italy, Spain, Denmark, Belgium, Switzerland and the UAE, and across Asia/Pacific with locations in Japan, China, India, Australia, Korea, Thailand, Taiwan and the Philippines.

UNICOM Global offers deep in-house resources and flexible IT solutions to our partners worldwide. UNICOM Global focuses on acquiring and integrating mature and growing mid-cap NASDAQ, London Stock Exchange AIM and German publicly-traded companies in technology, financing, IT, real estate, and business services. Please visit our websites for additional information about the services, products and solutions that UNICOM Global offers:

UNICOM Global - Assets, capital and investment management

UNICOM Systems - IBM Mainframe software products

UNICOM Government (formerly NASDAQ: GTSI) - Government IT solutions

UNICOM Engineering (formerly NASDAQ: NEI) Appliance platform

UNICOM Science and Technology Parks

UNICOM Technology Park – Innovation Labs in Virginia

UNICOM Science and Technology Park – Innovation Labs in New Jersey

UNICOM Capital - Business and Financial Services

USRobotics - Data communications products

Memeo - Enterprise-grade Secure File Sharing for the Cloud

Firetide - Wireless technology solutions for security and transportation

DETEC - Document composition products

SoftLanding Systems - IBM i software products

Macro 4 (formerly LONDON: MAO) - Document Management products

illustro - z/OS and z/VSE software products

iET Solutions - ITSM software products

Eden - Mergers & Acquisitions, Business & Financial Services, and Real Estate - Hardware, Software, Outsourcing and Professional Services

All trademarks referenced herein are trademarks of their respective companies.