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AVICODE ANNOUNCES CONTINUED GAINS IN Q3 2006
 

BALTIMORE, Maryland, 11/14/2006 – Baltimore-based AVIcode, Inc., the leading provider of .NET application monitoring software, announced today that the company has continued its dramatic growth in 2006, maintaining an average quarterly growth rate of over 100%. This serves as further indication of the growth and vitality of the application monitoring industry.

During the past quarter, partners, customers, and industry media clearly demonstrated that AVIcode has become the de facto standard in .NET application monitoring.

In the third quarter, AVIcode's Intercept Studio won industry praise from SQL Server Magazine, winning their Platinum Editors' Choice Award for Best Application Development Tool. And, Network World Magazine recognized the benefits and rapid ROI of AVIcode's technology by awarding their 2006 Enterprise All-Star Award to AVIcode customer, Evolution Benefits.

Further evidence of AVIcode's leadership in the application monitoring industry is the company's prominent inclusion in Microsoft's best practices whitepaper, "Managing .NET Web Applications with System Center". This white paper highlights the importance of AVIcode's approach to effective management of .NET applications. It emphasizes the need to provide both operations and development teams with insight into real-time application health and behavior, and specifically recommends and details how AVIcode helps enable an end-to-end solution for application management.

"AVIcode is the only provider of application monitoring technology that has partnerships and OEM agreements with both Microsoft and Quest Software," says Mike Curreri, CEO of AVIcode. "In addition to these high-profile partnerships, AVIcode's customer base continues to grow exponentially. Some of our newest customers include MSNBC, RiteAid, Deloitte & Touche, and Israel's Bank Mizrahi, to name a few."

The industry buzz is most importantly about the results that AVIcode's clients are experiencing. NetBank, the country's leading online bank, reports application error resolution time has been reduced from an average of 2-3 weeks to one day since they implemented Intercept Studio. And Evolution Benefits reports a 25-30 percent reduction in operating costs and 50 percent reduction in consultant costs since deploying Intercept Studio in their production environment.

Additionally, MedicAlert® turned to AVIcode when it took on the challenge of upgrading their medical records system, which needed to be accessible to their 2.4 million members, 24 hours a day from anywhere in the world. Seconds after the installation of AVIcode's Intercept Studio was completed, it began capturing both code failures and performance degradations- all in real-time- on the new medical records system. As a result, MedicAlert expects to realize ROI within the first six months of use.

AVIcode's always-on monitoring solution for .NET applications is the only product on the market designed for the entire application life cycle – from design to development to QA to production to support. AVIcode's Intercept Studio is widely acknowledged as the best-of-breed solution for monitoring applications in production and delivering all of the information needed to quickly isolate and resolve issues. The company will also soon be announcing integration with new Microsoft technology, expected to be released in Q1 2007.

About AVIcode

AVIcode, Inc. is the leading provider of .NET application monitoring software. AVIcode's products are designed to protect software investments by detecting application errors before they impact business. AVIcode's flagship product, Intercept Studio, operates in an always-on state and detects code failures and performance degradations of .NET applications in real-time. AVIcode's technology simplifies application maintenance and troubleshooting and dramatically reduces defect resolution time. For more information, contact AVIcode at 443.543.0030 or info@avicode.com, or visit the company Web site at www.avicode.com.

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All products and company names herein may be trademarks of their respective owners

Press contact: Marty Brandwin, AVIcode (443) 543-0030, marty.brandwin@AVIcode.com