As I'm sure you all are aware, September has been a hectic month. Besides being the end of the quarter, there were simultaneous trade shows for us in Germany (DMS) and in Los Angeles (Momentum by EMC). Additionally we continued to perform a lot of planning and development activity as our customers continued to challenge our development team with requests for new features and platforms.
In Europe, attendees of DMS 2006 in Cologne showed strong interest in our .NET and Java products, particularly for our Microsoft Office and Acrobat options as well as our FlexSnap document manipulation and viewing products.
At Momentum, the EMC user group event in Los Angeles, we met with well over 60 customers eager to discuss the latest enhancements to our FlexSnap application. There was strong interest in features like enhanced thumbnails, faster performance through page manipulation on the server, support for new PDF document types, and new configuration options.
We also had the distinct pleasure of participating in a joint presentation with Countrywide Financial. The focus was on their mortgage purchasing process into which our FlexSnap: SI document manipulation application was recently integrated. Through our cooperative efforts, they were able to increase mortgages processed per day and to approximately cut in half the time to fully process each application. Greater throughput translates directly to larger profit margins for them. Our unique server-based document rendering technology quickly streams individual pages of large documents to the client. We thereby were able to meet their extremely difficult requirement of providing a document's first page and thumbnails to Countrywide's users in less than 2 seconds, with subsequent pages served at sub-second speeds.
In just the first few months of "going live", Countrywide's throughput saw dramatic improvement, and gained wide acceptance with the business unit, a critical element in supporting their projected growth.
-Simon
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