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Cast Iron Reports Record Growth during FY2007

Fastest Growing Appliance Vendor Extends Lead In Software-as-a-Service Integration

Mountain View, CA, December 18, 2007 — Cast Iron Systems, the fastest growing integration appliance vendor, today reported breakthrough results for Fiscal Year 2007, which ended on November 30th. The company experienced 192 percent growth in contract value over FY2006, and more than doubled its installed base over the same period. Cast Iron continued its strong momentum with the introductions of innovative new products and partnerships, particularly in the dynamic Software-as-a-Service (SaaS) market.

"Cast Iron’s rapid growth is a clear indicator that our configuration approach to integration is well suited to the needs of business," said Ken Comee, CEO at Cast Iron. "Our leadership in the industry and in the expanding SaaS segment is a result of growing demand for integration appliances and effective execution of our strategy by the Cast Iron team."

Customer Momentum

New customers in 2007 include 360 Vantage, Awana International, Bennetts Business Systems, Capital Institutional Services (CAPIS), Cypress Equities, EMI Music, JobScience, MedAmerica Billing Services, Peet's Coffee & Tea, The Schumacher Group, SonicWALL, and Tesla Motors, among many others.

  • A growing international ministry partnered with more than 15,000 churches in over 100 countries, Awana uses the Cast Iron Integration Appliance to integrate its JD Edwards ERP system with its Salesforce CRM system and many other business applications. Working with Cast Iron, the company completed its original integration within two weeks, giving employees immediate access to the data they need to do their jobs efficiently and cost effectively.
  • After evaluating alternative solutions, Magma Design Automation, a leading provider of chip design software, chose to use the Cast Iron Integration Appliance, and rapidly expanded adoption of salesforce.com by Magma end users, reducing IT costs and dependency on legacy applications. After completing its initial salesforce.com and SAP integration, Magma used the Cast Iron Integration Appliance as a scalable integration platform for many more integration projects, winning the Salesforce Top Customizer Award and DM Review’s Innovative Solution Award.
  • The fastest growing and third largest provider of emergency medicine practice management, The Schumacher Group is using the Cast Iron Integration Appliance to integrate scheduling, billing, and payment information for 2,400 physicians in 140 emergency rooms in 17 states across its enterprise business applications. As a result, Schumacher's CIO, Doug Menefee, was honored with the Chief Innovation Officer Award at Dreamforce '07, the salesforce.com user and developer conference. He was chosen from 35,300 customers in recognition of his leadership in driving innovation by integrating salesforce.com with PeopleSoft using Cast Iron technology.

"Continuing rapid growth in our customer base in 2007 validates our appliance model," said George Gallegos, vice president of sales at Cast Iron. "The Cast Iron Integration Appliance continues to deliver extensible capabilities and long-term, sustainable business value for users of Oracle, RightNow, salesforce.com, and SAP, as well as many other leading applications."

SaaS Leadership and Product Innovation

In 2007, Cast Iron has extended its market leadership in SaaS and the mid-market through product innovation, introducing integration appliances built specifically for NetSuite, RightNow, salesforce.com, SAP, and small- to mid-sized businesses.

  • Cast Iron introduced a line of integration appliances, certified by SAP America, Inc., designed to integrate SAP applications with other enterprise systems in days.
  • Enterprise and small- to mid-sized customers across 14 industries used the Cast Iron Integration Appliance and Salesforce AppExchange to integrate more than 40 of the most popular applications and databases.
  • Cast Iron launched integration appliances designed specifically for RightNow's on-demand CRM solutions. Requiring no software to purchase, install, or maintain, these appliances reduce integration costs by as much as 80 percent and accelerate RightNow integration projects with built-in technology that integrates RightNow with all major applications and endpoints.
  • Cast Iron introduced the comprehensive and cost-effective iA2000 appliance for small- to mid-sized businesses. The iA2000 enables SMBs to use scaleable integration appliances — instead of custom code or third-party proprietary software — to simplify their application integration efforts, saving both time and expense.

"The innovative Cast Iron appliance is transforming the application integration market," said Mark Kvamme, Cast Iron board member and Sequoia Capital partner. "The company’s growth in customers, products, and contract value are proof of their growing success. I am confident that Cast Iron will set the agenda for application integration in 2008."

About Cast Iron Systems

Founded in 2001, Cast Iron Systems is the fastest growing integration appliance vendor. The company's flagship iA3000 application integration appliance has garnered Network Computing's Product of the Year for the past two years. Customers include Allianz, British American Tobacco (BAT), Emerson, Peet's Coffee & Tea, PGP Corporation, salesforce.com, and Tesla Motors, among many others. Backed by Sequoia Capital, Norwest Venture Partners, and Lehman Brothers, Cast Iron is privately held and led by experienced technology executives from Informatica, Peoplesoft, Siebel, Oracle, Vitria, and webMethods. For more information on Cast Iron Systems, please click here.