Sikka Posts Record Year of Sales Growth in 2007          

Company doubles year-over-year revenues, new product and a new General Manager of Professional Services

 

Milpitas , California, February 8, 2008 - Sikka Software, a leading provider of business optimization software for small business healthcare industry said that it registered a record doubling revenue following a record year in 2007. The company exceeded 2,800 product installed base for the year ending December 2007.

 

“We successfully hit everyone of our planned milestones and exceeded the growth projections.  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, Canada and now Australia are increasingly attracted to the benefits offered by Sikka Software business optimization products, that deliver business intelligence dashboards and enhance integration between traditional practice management systems and financial systems.  This helps Dentist be the CEO of their practice. We have an outstanding training team, excellent technological capabilities, and powerful channel relationships to power our growth. Our innovative Software as a Service (SaaS)  based revenue model in our dental market vertical has continued to give us rich rewards and we have no external debt”

 

Driving the company’s sales and revenue growth were the company's expanded flagship Sikka Dental Practice Optimizer® and Fee Optimizer Fee Schedule Optimizer® offerings and newly announced Clinical Practice Optimizer™ developed with Heartland Dental Care.  In addition, Sikka Software Corporation also hired a new General Manager of Professional Services, Dr. Bill Kimball, with over 15 years coaching and training experience to over 250 dental practices.  

 

To help keep pace with growth, Sikka also saw a 200% increase in staff in 2007 both in United States and India .

 
Sikka Software’s key accomplishments for 2007:
Registered doubling of revenues and exceeded 2800 product installations
Hired top professional services, sales and training talent with over dozen years of experience in dental industry each
Sikka organized the third business practice optimization bootcamp, a sold out event with speakers including Dr. Howard Farran and Dr. Omer Reed.
Vijay Sikka spoke in more than 30 meetings and events throughout the United States, including the annual meetings of Academy of Comprehensive Esthetics, DentalTown, Midwest Implant Institute and others.
Clinical Practice Optimizer™ to be introduced in Chicago Midwinter meeting was developed in partnership with Heartland Dental Care, a large multi-specialty group practice in the United States with more than 210 offices.
Received registration for all our major product lines from the United States Patent and Trademark Office, further increasing trademark and proprietary positions and bringing state of the art technology to dental marketplace.
Sikka Software Corporation products now work seamlessly with all major dental industry practice management systems, including Dentrix®, Softdent®, Eaglesoft®, EasyDental®, PracticeWorks®, Mogo®, Open Dental® and DentalVision® and also financial systems including QuickBooks®, PeachTree®, Quicken®, MSMoney®, CheckMate® and others

About Sikka Software
Sikka Software Corporation was incorporated in early 2004 with the intention of providing best of class business optimization and intelligence software solutions to dental and healthcare community.

Sikka Software Corporation products, with 2800 installations, help dentists and teams understand and maximize their business profitability with best fee schedules, ROI analysis, marketing, patient analysis, insurance analysis, supplies analysis and demographics analysis.  Privately held Sikka Software is headquartered in Milpitas, California with offices in the United States and in India . More information can be found at www.sikkasoft.com.