Softworks, Inc. - SWRX- Profile

Softworks, Inc. designs, markets, develops and supports systems management software products for data and storage management and performance management. The company's offering are grouped into four market segments: performance management, data and storage management, year 2000 and professional services. The company wholly owns subsidiaries in the United Kingdom, France, Brazil Australia, Italy and Spain. During the year the company's products have been expanded to include UNIX and Microsoft(R) Windows NT(R) based storage management products. The company's products were licensed for use by 1,850 customers at over 2,000 installations. The company has its international operations in Europe and Asia. The major customers of the company during the year were Citicorp, GTE Data Services, NationsBank, Paine Webber, Prudential Service Company, Sprint, State Farm Mutual Auto Insurance and Wal-Mart. During the year international operation accounted for 20% of total revenues. The company became publicly held in August 1998. Software licences accounted for 73% of 1998 revenues and services, 27%.