Home Press Releases ANTs Software Subsidiary off to an Oustanding 2009
 
ANTs Software Subsidiary off to an Oustanding 2009

Inventa Technologies Sales Bookings for FY 2009 Already at $5.3M

BURLINGAME, Calif., March 17, 2009 – ANTs software inc. (OTCBB:ANTS), a leader in database consolidation solutions, today announced that its wholly-owned subsidiary, Inventa Technologies, Inc. has reached in only three months of the fiscal year 2009 a sales booking volume of $5.3M USD and the subsidiary is well positioned with key clients to potentially expand this number in the following nine months of FY’09.

Inventa has experienced an important growth in its three major business areas, including:

  1. An ever increasing interest in ANTs Compatibility Server (ACS) services offerings.
  2. Solid renewals and new commitments from Fortune 500 corporations and major software vendors for Managed Service Provider (MSP) initiatives.
  3. New opportunities in Application Quality Management (APM) offerings.

“We are very pleased with Inventa’s execution. This is a premier team that has proven time and time again its capacity to help customers realize key benefits while significantly reducing operational cost and complexity.” said Joseph Kozak, chairman and chief executive officer of ANTs Software. “Inventa core value and the secret to its success is the ability to deliver significant innovations that enable cost reductions in IT operations that are so needed by major enterprises during the current economic climate.”

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.

# # #

Company/PR Contact:
Cesar Rojas
ANTs Software
(650) 931-0535
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, 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 market will not respond positively to the ANTs Compatibility Server, challenges arising from competition, problems encountered in commercializing the ANTs technology or Inventa Technologies services, potential of undetected infringing technology or non-infringing competitive technologies, difficulties experienced in product development, roadblocks experienced in sales and marketing activities, longer than expected sales processes, difficulties in recruiting knowledgeable and experienced personnel, possible problems in migrating applications using the ANTs Compatibility Server, potential problems in protecting the Company’s intellectual property, and problems securing the necessary financing to continue operations should revenues not be sufficient to offset expenses. Further information concerning these and other risks is included in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10Q for the fiscal quarter ended September 30, 2008. The Company undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.