Good News from Initiate Systems

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Initiate Systems sent out a press release yesterday, highlighting their performance in Q3 of 2008:

  • achieved profitability
  • positive cash flow
  • year-over-year revenue growth of more than 50 percent

Also, Initiate signed up 10 new accounts in Q3, and now has a total of 177 customers. 

It’s always nice to hear some good news, particularly in tough economic times

Click here for the full press release from Initiate Systems.

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One Comment on “Good News from Initiate Systems”

  1. Graham 11/08/2008 at 4:44 am #

    Hi Dan

    I wanted to say thanks for posting this information. Yes, we’re certainly in a good position at the moment, and continually proving ourselves to be one of the key players in this market space.

    Once again, thanks for spreading the good news about us (

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