Intense Technologies Records 232% Rise in Revenues in Q2

Hyderabad, India, October 31, 2007: Intense Technologies (BSE:INTENSETECH), the Hyderabad based enterprise Customer Communications Management, enterprise Content Management and BPA solutions Company, today announced its financial results for the Quarter ending September 30th.

The Company has declared revenues of Rs. 489 Lakhs and recorded a 232% growth over the same period last year. The revenue growth was 358% over the previous Quarter. The profit for the Quarter is Rs. 64.55 Lakhs, against a loss of Rs.41.93 Lakhs for the corresponding period of the previous year. The Company’s expenses have also significantly increased due to the opening of an office in Singapore, recruitment of senior management and the ramping up of its, delivery, sales and marketing teams.

Making this announcement, Raghav Sahgal, Chief Executive Officer, Intense Technologies said, "This Quarter signifies an important turnaround in our business and is the best ever in terms of revenues, growth and notable client acquisitions. Our performance in this Quarter marks an important milestone in our history as we rapidly actualize our aggressive Go-To-Market strategies globally. The notable client acquisitions we have made in this Quarter also stand testimony to the intense faith and confidence of leading enterprises in our ability to deliver mission-critical and high ROI solutions. We will continue to accelerate this momentum in the coming Quarters and aim to achieve profitable growth while aggressively acquiring new clients."

"We had set out on a strategic re-alignment during which we invited Raghav to take over as our Chief Executive Officer. Raghav’s stellar leadership and proven success track record with global scale software product companies has seen us achieve this turnaround.” C.K. Shastri, Managing Director, Intense Technologies, said.

The excellent Enterprise Agility value proposition offered by Intense’s iECCM Framework has enabled the company to acquire major clients in the Insurance and Telecommunications verticals. The iECCM Framework has been chosen for a massive, first-of-its-kind anywhere in the world project, to set up and manage the Service Provisioning Workflow for a major Indian Telecom enterprise’s rapidly growing Pre-Paid market segment. Going forward, Intense aims to aggressively replicate its success stories globally by offering its intelligent Enterprise Customer Communication Management solutions to the Telecommunications, Insurance, Banking and Finance verticals and its intelligent Enterprise Content Management and Process Automation solutions to the industry at large.

"Our recent performance is a culmination of a lot of hard work and sustained thought during which we made key additions to the management team, completed an internal restructuring in tune with global best practices, repositioned our enterprise acceleration products and solutions, and quantitatively and qualitatively ramped up our development, delivery, marketing and sales functions. This Quarter also saw the launch of our Singapore operations, an important milestone as we begin our international expansion and our journey to be a Global provider of Enterprise Agility solutions. In the coming Quarter, we aim to further extend the reach and scope of our offerings and extend our operational presence internationally", Raghav Sahgal, said.