18 May 2004

New York, NY - RedDot Solutions, (http://www.reddot.com/), a leading provider of enterprise content management (ECM) solutions, announced today a profitable Q1 2004 with a 35% increase in revenue, the largest quarter in RedDot history, over the same quarter last year. This comes on the heels of another profitable year for RedDot Solutions in 2003, where RedDot grew revenues in North America by 25%. Organizations including the Government of Alberta, Sony of Canada Ltd., The National Aquarium in Baltimore, Hydro Quebec and the Consumer Electronics Association (CES) have recently adopted RedDot's solution to help them manage their information and business processes more efficiently. Today, RedDot services more than 1,100 customers worldwide and has recently opened new offices in Italy, Australia and Brazil. RedDot is a privately held company, its investors include ViewPoint Capital Partners and 3i.
"Since the company's inception some ten years ago, RedDot has been focused on managed growth, consistently increasing revenues while maintaining profitability," said Niels Metger, founder and CEO of RedDot Solutions Corporation. "We are off to a strong start for 2004 and with the recent launch of our scaleable ECM solution, the RedDot Extended Content Management Suite (XCMS), along with investments we have made in the business to expand our presence, we are poised for another banner year."

The company's recently launched Extended Content Management Suite (XCMS) is the first enterprise content management (ECM) solution designed for the mid-market, offering companies a comprehensive solution for managing content, fostering collaboration and automating business processes in a way that, until now, had only been possible for large enterprises.