ANTs Software Inc. announced that its wholly-owned subsidiary, Inventa Technologies, Inc. closed $800,000 in contracts that is expected to be fully recognized in the current fiscal year. According to the press release, this 2009 incremental revenue is directly related to three projects that will soon be initiated.
These projects include: a capacity planning and infrastructure management project for a Fortune 500 Financial Services firm; implementation of infrastructure management tools and processes for a Fortune 500 Insurance Company; and a capacity planning project of hundreds of servers for a major Healthcare Insurance Company
â€œWe are very satisfied with the execution and revenue generation of our Inventa team. They continue to raise the bar by the quality of their customers and the magnitude of the projects they are engaging,â€ stated Joseph Kozak, chairman and CEO of ANTs Software. â€œThis evolution and ability to flawlessly execute sophisticated and complex projects is what is allowing us to penetrate important ANTs Compatibility Server business and create strategic alliances around our flagship product.â€