RTI Announces Record Revenue for Seventh Consecutive Year
Product Licenses Exceed 100,000 - 300 Unique Commercial Projects
SUNNYVALE, CA–February 10, 2009–Real-Time Innovations (RTI), The Real-Time Middleware Experts, today announced record revenue for the seventh consecutive year. Over these years, RTI’s existing businesses achieved a compounded annual growth rate (CAGR) of 32 percent, with the company’s core middleware business exceeding 44 percent CAGR, despite the struggling economy.
New design wins for the flagship RTI Data Distribution Service middleware also set a record, resulting in more than 300 unique active commercial projects. Over 100,000 licenses have been sold. New projects in 2008 included the world’s largest air traffic control manufacturer, unmanned aerial and ground vehicles, satellite and ground stations, large-array telescopes, automotive safety systems, handheld situational awareness systems, financial trading, and critical intelligence applications. Nearly every active U.S. surface ship program, and many foreign Navies, now rely on RTI middleware. International design wins were particularly strong, growing 80 percent over 2007. With this performance, RTI continues to dominate the quickly-growing market for solutions that comply with the Object Management Group (OMG) Data Distribution Service (DDS) for Real-Time Systems standard.
“RTI is in an amazing position, especially considering the economy,” said RTI’s CEO Stan Schneider. “The DDS standard has gained broad based adoption. From its original foothold in Naval systems, DDS, and RTI with it, is spreading to applications throughout the embedded and financial markets.” Schneider continued, “RTI expects to grow 30 percent in 2009, despite the headwinds. People choose DDS for its great flexibility and performance. They choose RTI’s implementation because it is the most robust, scalable and usable, and is backed by the industry’s best services and support team. Bottom line: RTI customers succeed. We make sure they do.”
Key Executive Recruited and Expanded International Presence
RTI grew staffing aggressively–opening a Wall Street sales and services office, establishing an offshore engineering team and hiring a highly respected industry veteran to lead Professional Services. RTI now supports distributors in eight countries worldwide.
Technology Leader in Real-Time Middleware Solutions
RTI Data Distribution Service v4.3 raised the bar for middleware with top performance, scalability and most importantly, usability. RTI now supports nearly 70 CPU/operating system/compiler combinations, ensuring transparent connectivity in any system. Supported configurations include C, C++, C# and Java application programming interfaces. Toward the end of 2008, RTI introduced a Java Message Service (JMS) interface to its core middleware enabling easy connectivity between DDS networks and enterprise applications of all types.
Real-Time Innovations (RTI) provides high-performance infrastructure solutions for the development, deployment and integration of real-time, data-driven applications. RTI’s messaging, caching and Complex Event Processing (CEP) capabilities deliver dramatic improvements in latency, throughput and scalability while slashing cost of ownership. The company’s software and design expertise have been leveraged in a broad range of industries including defense, intelligence, simulation, industrial control, transportation, finance, medical and communications. Founded in 1991, RTI is privately held and headquartered in Sunnyvale, CA. For more information, please visit www.rti.com.
RTI, Real-Time Innovations, The Real-Time Middleware Experts and RTI Data Distribution Service are registered trademarks or trademarks of Real-Time Innovations, Inc. All other trademarks used in this document are the property of their respective owners.
The URL for this release is located at: www.rti.com/company/news/2008-results.html
RTI Headquarters: 385 Moffett Park Drive, Sunnyvale, CA 94089, Tel: 408-990-7400, Website: www.rti.com.RTI New York Sales Office: 14 Wall Street, New York, NY, 10005, Tel: 212-618-1300RTI European Sales Office: P.O. Box 7302, Milton Keynes, MK13 0XL, Tel: +44 (0) 20 8133 9240.