Home Press Releases ANTs Software Subsidiary Closes $800 Thousand in New Business for 2009
 
ANTs Software Subsidiary Closes $800 Thousand in New Business for 2009

Inventa Technologies Experiences Solid Growth Capacity Planning and Systems  Infrastructure Management

BURLINGAME, Calif., April 28, 2008 – ANTs software inc. (OTCBB:ANTSE), a leader in database consolidation solutions, today announced that its wholly-owned subsidiary, Inventa Technologies, Inc. has secured $800 thousand in contracts that should be fully recognized in the current fiscal year. This 2009 incremental revenue is directly related to three projects soon to be initiated. Projects include:

  • A capacity planning and infrastructure management project for a Fortune 500 Financial Services firm.
  • An implementation of infrastructure management tools and processes for a Fortune 500 Insurance Company.
  • A capacity planning project of hundreds of servers for a major Healthcare Insurance Company.

“We are very satisfied with the execution and revenue generation of our Inventa team. They continue to raise the bar by the quality of their customers and the magnitude of the projects they are engaging,” said Joseph Kozak, chairman and chief executive officer of ANTs Software. “This evolution and ability to flawlessly execute sophisticated and complex projects is what is allowing us to penetrate important ANTs Compatibility Server business and create strategic alliances around our flagship product.”

About the ANTs Compatibility Server (ACS)
The ANTs Compatibility Server is a middleware solution that allows application code –queries, stored procedures, and functions – from legacy databases to run natively and transparently against the new target database with minimal to no application rewriting and recompiling. The application operates as if it were still communicating with the original database, while the new database operates as if it were communicating with a native application. For more information visit www.ants.com/acs.

About ANTs software inc.
ANTs software inc. is revolutionizing and simplifying database consolidation and IT modernization. Our mission is to help customers efficiently use IT resources and drive down IT operating costs by consolidating hardware and software infrastructure. For more information, visit http://www.ants.com.

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This press release contains forward-looking statements about ANTs software inc. within the meaning of the federal securities laws, including statements concerning product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future performance, are sometimes identified by words of condition such as “should,” “could,”“expects,” “may,” or “intends,” and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: that the new projects may not be completed in 2009, potential problems in protecting our intellectual property and problems securing the necessary financing to continue operations. Further information concerning these and other risks is included in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q for the fiscal quarter ended September 30th, 2008. We undertake no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.