Sikka Posts another Record Year of Sales Growth in 2005
As published in Dental Economics
http://de.pennnet.com/articles/article_display.cfm?Section=ONART&C=OnFea&ARTICLE_ID=247045&KEYWORDS=sikka&p=55
  
Milpitas, California, January 29, 2006

Sikka Software, a leading provider of business optimization software for small business healthcare industry said that it more than doubled revenue growth following a record year in 2005. The company announced 210% growth in year-over-year revenues and over 320% growth in sales for the year ending December 2005.

“We are pleased to report another record year of sales growth and look to the future with great enthusiasm,” said Vijay Sikka, CEO and Chairman of Sikka Software. “Dentists through out the United States and now Canada are increasingly attracted to the benefits offered by Sikka’s business optimization products, which deliver business intelligence dashboards and enhance integration between traditional practice management systems and financial systems. This helps Dentists be the CEO of their practice. We have an outstanding training team, excellent technological capabilities, and powerful channel relationships to power our growth.”

  


Driving the company’s sales and revenue growth were the company's expanded flagship Sikka Dental Practice Optimizer® and Sikka Fee Schedule Optimizer® offerings and newly announced partnerships and working relationships with Productive Dentist Academy, Seattle Study Clubs and other great institutions.


In 2005, the company established several partnerships and partners were responsible for more than 50% of Sikka’s revenue. To help keep pace with growth, Sikka also saw a 100% increase in staff in 2005.


Sikka Software’s key accomplishments for 2005:

 

Registered 210% growth in revenues and over 320% growth in dentist customer base
Announced major industry partnerships.
Introduced dental industry’s first 24/7 chat and technical support
Sikka’s software products have helped dentists make an additional $30m in increased revenues
Sikka flagship product Dental Practice Optimizer now has live updates so the program automatically updates on client sites
Sikka delivered SikkaSoft Study Club and Marketplace – and Vijay Sikka spoke in more than 20 study clubs and events throughout the United States
Sikka Software Corporation product Dental Practice Optimizer was mentioned in DentalTown, Dental Economics, Dental Products Report as the tool for Dentist as CEO
Increased IP positions and bringing state of the art technology to dental marketplace.
Moved to larger corporate headquarters in Milpitas and started a training center
Created and trained a nationwide sales force of Sikka Independent Resellers and Trainers with offices throughout the United States
Enhanced development team and opened a new development center in India
Sikka Software Corporation products now work with all major dental industry practice management systems, including Dentrix®, Softdent®, Eaglesoft®, EasyDental®, PracticeWorks® and Mogo® and also financial systems including Quicken®, QuickBooks®, PeachTree® and others

About Sikka Software

Sikka Software Corporation was formed in late 2003 with the intention of providing best of class software solutions including ERP and Business Intelligence systems to dental and medical community. Sikka Software Corporation products, in use by more than 600 dentists, help them understand and maximize their business profitability with best fee schedules, worry free completely automated accounts receivable management, inventory management, insurance analysis, supplies analysis and demographics analysis. Privately held Sikka Software is headquartered in Milpitas, California with 8 sales offices throughout the United States and in India. More information can be found at www.sikkasoft.com