Cameleon Software Reports 2010 first-quarter revenue: +30%

Press release | CAMELEON SOFTWARE


FOR IMMEDIATE RELEASE

Contacts

Thibault de Bouville, CFO,
+33 (0)5 61 39 78 78
tdebouville(at)cameleon-software.com

Virginie Dupin, Marketing Director
+33 (0)5 61 39 78 78,
vdupin(at)cameleon-software.com

Cameleon Software Reports 2010 first-quarter revenue: +30%.

Toulouse, France and Chicago, Il, USA, April 30, 2010

Cameleon Software (Euronext: CAM), the global leader in product design, sales configurator and quotes and proposals software, today announced its provisional revenue figures for the first quarter of 2010.

+---------------------------+---------+---------+
|        (E Millions)       |  Q1 2010|  Q1 2009|
+---------------------------+---------+---------+
|  Software revenue         |     1.70|     1.07|
+---------------------------+---------+---------+
|  Services revenue         |     0.52|     0.64|
+---------------------------+---------+---------+
|  Total Revenue Q1         |     2.22|     1.71|
+---------------------------+---------+---------+
|  (Provisional - unaudited)|         |         |
+---------------------------+---------+---------+

Consolidated revenue for the first quarter increased 30% on last year's same period to E2.22 million. This gain was driven by license sales that generated software revenue growth of approximately 60% for the period. In line with budget, service revenue was down, reflecting the transformation of Cameleon Software's business model with the implementation of a network of integrators for Cameleon solutions.

Cameleon Software's projected breakeven point for 2010 is expected to be around E8.6 million.

Jacques Soumeillan, Chairman and Chief Executive Officer of Cameleon Software, explains "2010 got off to a very encouraging start in the first quarter, building on the momentum that accompanied our adoption of a new name and confirming our ability to deliver growth. Despite this performance, in an economic environment that continues to be uncertain, we will remain cautious for 2010. One positive sign however is that license sales in the first quarter were driven by inroads in service sectors, new markets for Cameleon, while there have been renewed expressions of interest from the industrial market, particularly in the US. We have a solid backlog of orders and recurring revenue from maintenance & SaaS 2010 accounts for more than 36% of our breakeven point for the year. In line with the first quarter's performance, we will remain focused on achieving sales growth for the Cameleon suite in new markets in Europe and the US and improving our margins, while pursuing technology capital investments to service our customers. The new Cameleon Software is now on course!"

This press release may contain forward-looking statements based on current assumptions and forecasts made by Executive Management and other information currently available to the Company. Unknown risks, uncertainties and assumptions made may lead to material differences with actual Company performance. In consequence, readers of this press release should not place undue reliance on these forward-looking statements.

About Cameleon Software

Cameleon Software is the global leader in product design, sales configuration, quotes and proposals software, helping companies to accelerate product and services launches while increasing sales across all channels. Cameleon Software enterprise solutions empower marketing teams to reduce time-to-market for products and services that require advanced personalization and sales teams to improve their performance by reducing the quote-to-order cycle. Cameleon Software provides a solution that bridges the gap between the sales and marketing teams resulting in cost reduction and revenue increase. Cameleon Software is platform agnostic and integrates to leading ERP and CRM systems including Microsoft, Oracle, SAP and Salesforce.com. Founded in 1987 and listed on Euronext Exchange since 1999, Cameleon Software customer base includes leading enterprises in manufacturing, insurance, telco and high tech such as: ThyssenKrupp, CTB, Technip, Gras Savoye, Vodafone SFR, Yellow Pages and IMS Health.

For more information, visit: www.cameleon-software.com

ALL RIGHTS RESERVED © 2010 CAMELEON SOFTWARE. Cameleon is a registered trademark of Cameleon Software. All other product and company names mentioned are the property of their respective owners.

Copyright Hugin

The appendixes relating to the press release are available on:
http://www.hugingroup.com/documents_ir/PJ/CO/2010/165797_88_A1VH_FPR-CA-Q1-2010-EN.pdf

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