ARCHIVE 2003

TRADOS - Q1 Update - Record Quarter

RECORD GROWTH

TRADOS had its best ever first quarter, revenues in Q1 2003 grew by 12% over the first quarter of 2002 and exceeded our internal goals. TRADOS is well-positioned for growth, notwithstanding tight capital markets, with ample cash reserves and no debt. Our five-year CAGR is now about 50%.

SOLID CUSTOMER BASE

We shipped 2,000 new, and 1,100 upgrade workgroup licenses to over 60 countries in Q1 2003, and the total installed base stands at 67,000 licenses.

TRADOS corporate customers now total over 3,500--notable deals this quarter includes Bloomberg, Motorola, Veritas, HP,Credit Suisse, Bowne Global Solutions, European Union, Mazda, Siemens, Bank of Greece and Macromedia, among others.

Analyst from IDC recently issued an update on TRADOS. "TRADOS can now offer an end-to-end solution that extends from the desktop to enterprise globalization management. It is also moving swiftly to offer a vertically integrated product line for globalization and localization so that clients can address all of their needs from one source." said Steve McClure, a research vice president in IDC's Software Research Group.

http://www.idc.com/getdoc.jhtml?containerId=29130

TM Server Launch

TRADOS announced that it would release, in late April, TRADOS TM Server, the next-generation Translation Memory technology. TRADOS TM Server is a high-performance central translation memory database server that can be accessed simultaneously by 100's of translators and enables corporations to translate/localize large volumes of high language quality content with greater speed and cost reduction than ever before.

Our continued investment in technology has allowed us to expand our product offering, culminating in the introduction of our fully integrated TRADOS iX Platform (TM Server, GXT & MultiTerm). As TRADOS continues to expand its product offerings, diversify its sales model and expand its global presence, we continue to gain market share, as evidenced by strong 2002, Q4 2002 and this year's Q1 results.