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Astea International Expands to China with DigitalTrans
HORSHAM, PA and SHANGHAI, China (December 22, 2005 ) — Astea International Inc. (NASDAQ: ATEA), a global provider of service lifecycle management (SLM) solutions, and DigitalTrans Co., Ltd., China’s advanced IT systems integrator, are joining forces to bring Astea’s best-of-breed service lifecycle management solutions to mainland China.
DigitalTrans will act as a value added reseller of Astea Alliance solutions, giving their current and future customers access to intelligent dispatch, logistics, field service, contract management, professional services, and marketing and sales force automation capabilities as well as business intelligence and mobile workforce solutions. DigitalTrans will market, sell and deploy the Astea Alliance suite to their existing customer base as well as aggressively pursue new customers.
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Astea Promotes Tobin as New President
HORSHAM , PA (October 17, 2005 ) — Astea International Inc. (NASDAQ: ATEA), a global provider of service lifecycle management solutions, has named John Tobin as president of the company. A promotion from the position of vice president and general counsel, Tobin’s primary role at Astea will be to help lead its growth and global expansion as it further strengthens its market position as leading provider of service lifecycle management solutions. The company is experiencing an increased demand for its solutions in addition to its focus on further expanding its global presence, vertical markets, as well as its product portfolio.
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Astea Reports Profitable Third Quarter 2005 Results
Horsham, PA, November 15, 2005—Astea International Inc. (NASDAQ:ATEA), a global provider of service management solutions, today released financial results for the third quarter of 2005.
For the third quarter ended September 30, 2005, Astea reported revenues of $8.2 million, a 106% increase compared to revenues of $4 million for the same period in 2004. Net profit for the third quarter was $2.7 million or $.91 per share, compared to $155,000 or $.05 per share for the same period in 2004. License revenues were up 306% to $4.8 million compared to $1.2 million for the same period in 2004. Total service and maintenance revenues increased 22% to $3.4 million compared to $2.8 million for the same period in 2004. International results were strong, with overall revenue of $5.6 million, a 266% increase over the same period in 2004.
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