iLinc Secures Major Contract with Fortune 500 Financial Services Company
Sale is Single Largest Transaction Posted by Direct Sales Staff
PHOENIX, Ariz. (July 02, 2007) –
iLinc Communications, Inc. (AMEX:ILC), a leading developer of Web conferencing software and audio conferencing solutions announced today that the iLinc Suite(TM) was chosen by a Fortune 500 financial institution as its global web conferencing solution. The software sale that closed in late June is the largest single sale ever made by the iLinc direct sales staff. The transaction provides to iLinc approximately $300,000 of software license revenue in the June quarter and approximately $85,000 per year in annual recurring hosting and maintenance revenue. The customer, one of the top financial holding companies in the U.S., selected iLinc’s unique Enterprise Unlimited(TM) license agreement that will provide global access to its 20,000 employees. Further details concerning the agreement and the name of the customer were not disclosed.
“This new contract demonstrates the sales momentum iLinc is achieving in the market and particularly in the financial services sector,” said Jason Walker, Vice President of Sales for iLinc. “As one of the only leading providers of conferencing capabilities that focuses specifically on Web and phone conferencing, we see a tremendous opportunity for growth and are achieving results around that growth.”
iLinc’s customers already include such Fortune 500 companies as Citigroup, JPMorgan Chase, Charles Schwab, and Aetna, among others. These, and other customers, turn to iLinc for their conferencing needs based around two key benefits: ROI that iLinc’s solution offering provides and iLinc’s industry-leading customer support.
“Some of the largest financial organizations in the world trust iLinc to deliver Web conferencing because we offer award-winning AES data security, features that better manage users and content enterprise-wide, and a hybrid hosting model for Web conferencing where software is owned by the customer but hosted by iLinc,” said James M. Powers, Jr., President and CEO of iLinc. “These all combine to deliver an unmatched return on investment that makes sense for any organization. The result is a solution on which notable customers are standardizing.”
Continued Powers, “This record sale is a direct result of changes made to our sales leadership in Fiscal 2007. With new sales processes and people in place, we see increased momentum and a steadily growing pipeline that we believe will deliver more predictable sales cycles and sustainable quarterly growth.
About iLinc Communications, Inc.
iLinc Communications, Inc. is a leading developer of Web conferencing software and audio conferencing solutions for highly secure and cost-effective online meetings, presentations, and training sessions. The Company’s technology allows people in diverse locations to communicate and collaborate online while avoiding the expense, environmental damage, and productivity losses associated with travel. iLinc makes it better than being there by providing an award-winning, enterprise-wide suite of Web, audio and video conferencing solutions that can be scaled up or down to meet the needs of any size organization. Offering the industry’s most flexible pricing models, iLinc gives organizations the power to choose an on-premise installed, on-demand hosted, or hybrid solution–whichever model delivers the highest ROI for the customer. iLinc is headquartered in Phoenix, Ariz. with offices in Troy, New York and Salt Lake City, Utah.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Factors that could contribute to such differences are disclosed in the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates and expectations as of the date of the press release, and subsequent events and developments may cause the Company’s estimates and expectations to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates and expectations of its future financial performance as of any date subsequent to the date of this press release.
iLinc, iLinc Communications, iLinc Suite, MeetingLinc, LearnLinc, ConferenceLinc, SupportLinc, EventPlus, and their respective logos are trademarks of iLinc Communications, Inc. All other company names and products may be trademarks of their respective companies.
Contact: Mark R. Yeager
Vice President – Marketing
iLinc Communications
602-952-1200
pr@ilinc.com
Source: iLinc