Alchemy Software Development starts new year with a new look

Alchemy Software Development celebrates its first year in business with increased revenues and a new WEB site

DUBLIN – January 8, 2002 – Alchemy Software Development, a world leader in localization technology solutions, today announced unprecedented market response to Alchemy CATALYST™ 4.0: its secure XML localization solution. Alchemy Software Development has enjoyed record sales to both new and existing customers across diverse industry sectors, including major companies such as IBM, Philips, Siemens, Cisco and JD Edwards. Reporting revenue increases of 42%, it also celebrates its first anniversary as an independent software development company with the launch of its new WEB site.

“With the completion of our first financial year, we're delighted to report our sales increased by 42%, year on year”, said Tony O'Dowd, CEO Alchemy Software Development, “Our first year was a formative year for us, embracing new internet standards and technologies and expanding our support for SMEs and corporate customers. We've expanded our distributor base moving to a regionalized model that offers broader support and more immediate response time to our customers. We've introduced Corporate Licensing Programmes and invested in expanding our customer support capability. ”

“We've focused hard as a company to provide solutions that solve our customer problems and testimony to this is the rapid and unprecedented uptake of our latest generation product, Alchemy CATALYST™ 4.0: The Secure XML Solution.”

To celebrate the end of their first financial year, Alchemy Software Development has also launched a completely new WEB site ( www.alchemysoftware.net ) offering better content organization and ease of use for their client base.

Alchemy Software Development Ltd. has its headquarters in Dublin, Ireland at Harcourt Business Centre, Harcourt Street, Dublin 2.

Alchemy Software Development Limited
Alchemy Software Development is a company formed by the original developers and designers of Corel CATALYST™, an integrated translation environment and a pioneer in visual translation and engineering solutions.

Alchemy's technology is designed to boost the efficiency and quality of globalizing software products and is used by over 270 software development and globalization companies worldwide. Alchemy CATALYST™ is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localisation. Corel Corporation Limited holds a 24.9% stake in Alchemy Software Development Ltd.

For more information on the company and its products, please refer to www.alchemysoftware.net.