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Visix Shatters Financial and Growth Performance Targets - AvNetwork.com

Visix Shatters Financial and Growth Performance Targets

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ATLANTA, GA--Visix has exceeded all of its' 2007 financial and growth objectives. The company is in the third of a seven-year business plan to grow revenues by nearly 100 percent over the course of the plan. In addition to 134 percent revenue growth over the past three years, the company's performance indicators measuring EBIT, CAGR, new clients, annuity renewals, deployments, and training sessions all surpassed expectations.

"We are privately held and have no obligation to disclose our financial performance, but I believe it is important for the reseller channels and investment markets to see, first hand, that the digital signage and visual communications markets are growing exponentially," stated Sean M. Matthews, President, Visix, Inc. "We finished 2007 with 11 percent EBIT, 31 percent CAGR, unit shipments were up by 80 percent, training sessions up by 160% and system deployments increased by 200 percent," furthered Matthews.

Additionally, Visix was recognized in the Inc. 5000 and the 2007 Southeast 500. More than 30 percent of the 2007 U.S. News and World Report's Top Colleges and 15 percent of the Fortune 100 are using the company's flagship software product, AxisTV. To support the growing demand for its products, Visix increased staff by nearly 50 percent, constructed its own network operations center (NOC) and moved PC imaging and fulfillment to an ISO certified partner.

Visix...www.visix.com

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