Business Services Industry

Unify Named 26th Fastest Growing Company by Sacramento Business Journal

Business Wire, Sept 24, 2008

Inclusion on Prestigious List Highlights Successful Turn-Around

Unify Returned to Profitability, Expanded Customer-Base, Introduced New Solutions and Resumed Trading on NASDAQ in Past Year

ROSEVILLE, Calif. -- Unify Corp. (NASDAQ:UNFY), a global provider of application modernization solutions, today announced that the company has been named among the Sacramento Region's "100 Fastest Growing Companies" by the editors of the Sacramento Business Journal. Unify ranked 26th on the list.

The Sacramento Business Journal 100 Fastest Growing Company's list includes companies that have at least $200,000 in revenue for the base year (2005) and have been in business for at least nine months of the base year. Headquarters must be in Sacramento, El Dorado, Placer or Yolo counties.

"Inclusion on the 100 Fastest Growing Companies list is a wonderful way to cap a very successful year," said Todd Wille, chief executive officer, Unify. "Our customers and employees around the world have played a role in Unify's return to profitability, increased shareholder equity, broadened suite of solutions and relisting on NASDAQ. Everyone at Unify has worked very hard to achieve our successful turnaround and it is an honor to have our efforts recognized by the Sacramento Business Journal."

On September 4, 2008, Unify reported first quarter total revenues of $5.0 million, up 27 percent, compared to $4.0 million in the first quarter of the prior year. First quarter net income was $391,000 or $0.05 per share, compared to a net loss of $218,000 or $0.04 loss per share in the first quarter of last year. Non-GAAP net income for the quarter was $725,000 or $0.09 per share, compared to a non-GAAP net income of $60,000 or $0.01 per share in the same quarter of last year.

In addition, the company was relisted on the NASDAQ exchange on August 25, 2008 and now trades under the ticker symbol UNFY.

About Unify

Unify is a global provider of application modernization solutions. The company has a rich heritage of delivering enterprise software and services for modernizing and maximizing applications and data while providing significant and measurable return on investment for customers. Unify's market leading technologies help organizations drive business optimization, improve collaboration, increase customer service and reduce costs. Unify is headquartered in Roseville, Calif., with offices in London, Munich, Paris, and Sydney. Visit www.unify.com or email us at info@unify.com.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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