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Integrated Media Management Confirms Q3 Growth in Product Demand, Revenue
11/11/2009
Press Release: Company reports increases in new customers, product sales
LINDEN, N.J., November 11, 2009— Integrated Media Management(IMM)®, a document output management and automation technology provider, announced today another record quarter, reporting a 48.7 percent increase in the total value of orders received in the third quarter of 2009 as compared to the same period last year. The rise in total value of orders resulted from IMM securing 25 customer contracts during this time, a 19 percent increase from the third quarter of 2008.
John Levy, Integrated Media Management EVP, said, "IMM continues to experience demand for its software and services, further confirming our position as an innovative provider of output management and signature capture technology. Existing customers turn to us for expanded operational functionality while new customers look to us for electronically streamlining their paper-based processes and the resulting reduction in operating cost.
For the quarter just ended, 13 of the 25 contracts came from existing customers that wanted to broaden their current technology capabilities, and 12 were from customers new to IMM. Also, several of the contracts enlisted IMM for multiple offerings, which resulted in a total of 57 individual product orders. This demand is a 26 percent increase from the same quarter last year.
IMM also saw a dramatic shift in the demand for its professional services, encompassing approximately 23 percent of all product orders. Company management attributes this increase to many credit unions not physically expanding their IT departments, but instead looking to outsource such functions as training on new products. IMM additionally showed a 40 percent increase for its flagship document preparation engine, TotaleAtlas, from last year's third quarter.
"The successes of this recent quarter are evidence that more credit unions are recognizing the need for technology, especially for technology that will improve existing processes and produce a true, quick return on investment," Chuck Klein, CEO at IMM, said. "IMM is an originator in its space and understands the feature functionality necessary to help financial institutions be more efficient and cost effective." 
About Integrated Media Management
Integrated Media Management(IMM)® specializes in document output management and automation technology and is based in Linden, N.J. IMM's products are in place at more than 600 financial institutions nationwide and they are currently partnered and interfaced with more than 20 processors and all the major compliance vendors. Contact Integrated Media Management at