QED Connect, Inc. (OTC: QEDC) yesterday announced their first quarter 2008 revenue numbers. The company’s revenue doubled from $70,000 for the fourth quarter of 2007 to $140,000 reported for first quarter 2008. Not only did revenue increase, but the company’s customer base rose 67% in the first quarter from its year 2007 totals.
“As we entered 2008, our goal was to continue building a strong customer base among our core markets of small to medium-sized businesses and educational organizations, through renewals as well as new contracts,” stated Tom Makmann, Chairman of QED Connect. “The fact that we doubled our revenue from the previous quarter demonstrates that we achieved that goal, and the demand for our information security products remains solid. QED has recently announced customers in healthcare, manufacturing, automotive and distribution, demonstrating Omni Manager’s applicability across many vertical segments. We are continuing to create potential revenue streams with new offerings such as IM Manager and QED Confidential, while enhancing our flagship SaaS, Omni Manager, to remain competitive.”
QED Connect, Inc. engages in Software-as-a-Service (SaaS) security to provide greater visibility, management and control of activity on all their computers, laptops, and wireless devices. The company’s well-known SaaS, Omni Manager, is an inexpensive avenue to monitoring and managing how employees use company computers and the Internet at any time in various locations. Omni Manager is a web-hosted software application that includes email and Internet filtering and blocking, antivirus, instant messaging, asset tracking, application usage monitoring, and policy management.
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