Tower Software revenues up 25%

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Tower Software revenues up 25%

Australian developer Tower Software has recorded 25 percent revenue growth for the year to June 30.

Australian developer Tower Software has recorded 25 percent revenue growth for the year to June 30.

The figure, according to CEO Martin Harwood, was well ahead of the nine percent average revenue growth recorded by competing content management vendors.

Harwoord claimed that the company’s recent performance in the government and defence sectors meant that it was now the biggest supplier of ECM to these verticals.

In January 2006, the company penned a licenses, services, training and maintenance deal with the US Department of Defense worth about $45.2 million over five years.

In the APAC region, deals were also signed with Jetstar, the Department of Immigration and Multicultural Affairs (DIMA), the NSW Department of Corrective Services, NSW Businesslink and the Dept of Treasury and Finance in Victoria during the year.

Tower is now looking to expand its A/NZ presence this financial year with new offices planned for Brisbane, Hobart, Darwin and Wellington to complement its Canberra, Sydney and Melbourne offices.
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