Investors

Exie income consists of recurring software rental and consultancy fees. In 2003, we had 35 paying software customers, many of which were small and with a majority in the public sector.Through 2004 the development in software revenues was weaker than expected.

A new strategy of focusing on larger customers and partners was developed, and in 2005, this new strategy started bearing fruits. The Company signed a partnership agreement with EDB and continued further development of customers like TollpostGlobe, ABB and YIT. Revenue growth climbed to 21%.

In 2006, the Company transformed its sales team and increased the focus on software license sales and the signing of new partners. This resulted in a growth of nearly 45% in software revenue and total revenue for 2006 is expected to be aprox. MNOK 26.8.

As the Company applies a rental based software revenue model, software revenues lag consulting revenues in terms of growth, and the corsosover software/consulting is expected to come in 2008.