February 2, 1999 - SBT Accounting Systems, developer of modifiable financial accounting software, today announced revenue gains for the fiscal quarter ended December 31, 1998, the second quarter in the company's fiscal year 1999.
Buoyed by record sales of its SBT Pro Series accounting package, SBT posted a 43% increase in net revenue over the comparable period last fiscal year. SBT Pro Series was selected in January by Accounting Today as one of the top accounting software products of 1999. Accounting Software products are chosen by Accounting Today according to four benchmarks: acceptance by practitioners; visibility in the marketplace; quality of product performance and vendor support; and innovation in advancing the state of the art.
"We're very pleased to again be reporting such positive quarterly results," said William Mills, president and chief operating officer at SBT. "The continued success and market acceptance of SBT Pro Series has to be recognized as a significant part of this past quarter's results. This product has taken off and remained airborne. It's a Year 2000 database accounting solution that has broad appeal, most recently in the mid-range ERP market. Pro Series is a well received accounting solution in markets that include manufacturing, distribution, service, and many more."
SBT sells through a channel of 3,000 authorized resellers worldwide. SBT's value added reseller (VAR) program offers the opportunity to take full advantage of source code accounting software, which allows for unlimited customization of SBT products.
With over 300,000 business users worldwide, SBT Accounting Systems is the world's leading supplier of database accounting systems. SBT's four product lines are tailored to distinct segments of the accounting market: SBT Executive Series for client/server, SBT Pro Series for mid-range businesses, VisionPoint 2000 and Small Business Accountant for smaller and new businesses. SBT Accounting Systems, SBT Internet Systems, and SBT Business Products are divisions of Software Business Technologies, with offices in San Rafael, Calif., and Atlanta. Visit SBT's Web Site at www.sbt.com, or call 800/944-1000 for more information.
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