Intelliden attains global market leader position

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Intelliden Inc. has been recognized as the global market leader in network configuration management applications, according to a market analysis report by IDC, a subsidiary of the International Data Group.

The company was ranked ahead of other vendors such as Opsware, Voyence and Alterpoint.

The designation was determined using data collected from network management research, supply- and demand-side interviews, customer interviews, private company information and company 10-K statements. The forecast excluded service revenue derived from training, consulting and systems integration.

According to the report, “Worldwide Network Configuration Management 2005-2009 Forecast and Analysis,” applications performance becomes more critical as networks become more sophisticated and “managing the configuration of the network, network elements and services can no longer by handled by basic scripts, spreadsheets and proprietary tools with limited functionalities.”

Intelliden says that it is the only vendor that uses an XML-based, model driven network automation solution. The company provides standards-based network automation solutions to communications service providers, enterprises and public sector organizations.

LexisNexis File & Serve hits 1 million cases milestone

LexisNexis File & Serve has surpassed 1 million cases in its electronic filing and service system.

The Internet-based service allows courts and law firms to electronically exchange legal documents such as complaints, pleadings, exhibits and proposed orders. The service includes cases ranging from large multi-party litigation such as asbestos litigation to small two-party cases such as domestic relations.

“This is a very important milestone for the courts, as well as litigators, because it is one more indication that e-filing and e-service are becoming mainstream with the courts and the legal industry,” said Michele Vivona, vice president and general manager of the litigation services.

The company says that File & Serve gives courts and law firms greater control over cases file management, improves access to case documents and streamlines the intake process. More than 67,000 judges, clerks, attorneys and other legal professionals are registered to use the database and file about 17 million documents a year.

“We expect continued, steady growth in the number of electronically filed cases, as well as the addition of more district and appellate courts around the country and internationally,” said Robin Castro, vice president of the company.

LexisNexis File & Serve is used in jurisdictions in 25 states, including statewide in Colorado and Delaware.

The company is a member of Reed Elsevier Group PLC and conducts business in 100 countries.

Spectranetics reports record Q4 revenue

Spectranetics Corp. has reported record-breaking financial results for the last quarter of 2005.

The company, which develops, manufactures and markets single-use medical devices used in minimally invasive surgical procedures, reported revenue of $12.3 million for the fourth quarter of 2005, up 32 percent from the previous year. The company said that the growth was driven by artherectomy product sales, which were 60 percent higher than in 2004.

Disposable product revenue rose 36 percent to $9.2 million, laser revenue rose 27 percent to $1.6 million and other revenue rose 13 percent to $1.5 million compared with the fourth quarter of 2004.

“The acceleration in revenue growth in the fourth quarter demonstrates that our expanding sales organization, combined with clinical research and physician education programs are successful in increasing the understanding of the effectiveness of laser atherectomy in treating peripheral arterial disease,” said company President John G. Schulte. “We are particularly pleased with the number of new laser installations, which is significantly higher than any pervious quarter and expands the base for disposable product revenue growth in future periods.”

Gross margin for the quarter was 75 percent, an increase of more than 74 percent from year ago. Operating expenses during the quarter were $8.4 million, up 27 percent. The increase was related to investment in an expanded field sales organization, physician training and product development initiatives to capitalize on the company’s growth potential, company officials said.

Simtek reports Q4 2005 financial results

Simtek Corp. reported that fourth quarter revenue for 2005 was $2.8 million, an increase of 16 percent from third quarter results.

The company reported a loss for the quarter of $1.8 million, or 3 cents per share.

For the year, revenue was $10.4 million, down from $13.1 million reported for 2004. The loss for the year was $7.5 million or 11 cents per share, compared to $3.7 million or 6 cents per share in 2004.

The company also reported that it raised $11 million in private placement for working capital and strategic acquisition, and reduced its manufacturing cost by 20 percent during the quarter.

Simtek is a supplier of advanced nonvolatile static random access memory products.

Amy Gillentine covers technology for the Colorado Springs Business Journal.