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From the Wires
RTI’s 2009 Results Mark Eighth Consecutive Record Year
By: Business Wire
Feb. 17, 2010 08:04 AM
Real-Time Innovations (RTI), The Real-Time Middleware Experts, today announced record results for the year ended December 31, 2009. New customer wins and revenue eclipsed the company’s previous records set in 2008, with both increasing more than 25 percent. 2009 marked RTI’s eighth consecutive year of record revenue. Every quarter of 2009 grew both quarter-over-quarter and year-over-year. Growth was particularly strong in the fourth quarter, with design wins and revenue each increasing more than 50 percent over the comparable period of 2008. These increases provide RTI with significant momentum heading into 2010. “I couldn’t be more pleased with RTI’s performance in 2009,” commented Dr. Stan Schneider, RTI’s chief executive officer. “The market for Data Distribution Service-based real-time application integration solutions heated up significantly with the emergence of several new commercial and open-source offerings. In light of this and the global economy, our record results and increasing momentum stand as strong testament to the tremendous value and cost savings delivered by our solution. We continue to enjoy more than 70 percent market share and have at least 10 times more customers than our nearest competitors.” New High-Profile Customers RTI’s new customers in 2009 featured global leaders across a diverse range of industries, including those serving fast-growing markets such as unmanned vehicles, “smart grid” power infrastructure modernization and high-frequency trading. Important design wins included Citigroup, Volkswagen, Boeing, Grand Coulee Dam, NASA, Plath, Base Ten Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon and Xuenn. With these and other customer additions in 2009, more than 400 independent project teams have succeeded with RTI middleware. The successes encompass many mission-critical applications, including Navy ships, intelligence systems and medical devices. All major versions of RTI middleware are now at U.S. Department of Defense Technology Readiness Level (TRL) 9, the highest level. More 2009 Achievements The following are additional 2009 highlights:
Added Features and Capabilities In 2009, RTI significantly extended its technology leadership in the market for real-time integration middleware by adding many new capabilities to RTI Data Distribution Service:
Schneider concluded, "RTI is proud to contribute to the success of so many customers. We are also proud of our record of strong growth in a poor economy. We look forward to continuing our record growth in 2010." About RTI Real-Time Innovations (RTI) provides high-performance messaging and integration infrastructure for distributed real-time applications. RTI is the leader in the rapidly growing market for Data Distribution Service (DDS) compliant middleware. A broad range of industries leverage the company's software and design expertise, including defense, intelligence, simulation, industrial control, power generation, transportation, finance, medical, and communications. Founded in 1991, RTI is privately held and headquartered in Sunnyvale, CA. For more information, please visit www.rti.com. Latest Cloud Developer Stories
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