Objectivity, Inc. ends FY 2010 with Record Cash and Receivables

Continued financial growth and profitable business allows for new developments and expansion

For Immediate Release:

Sunnyvale, CA -- July 14, 2010 -- Objectivity, Inc. announced today that the company continued its strong financial performance for the fiscal year ending June 30, 2010, including a solid finish to the year with profits of 23% in the fourth quarter.  This is the third straight year of profitability during an economic downturn and seven years of profitability over the last eight years.

Objectivity, Inc. also announced record levels of cash and receivables, increasing working capital by 8% since June 30, 2009.  Continued high renewals of existing maintenance contracts contributed to a very impressive 18% increase in deferred revenue over the year, which reflects Objectivity's ongoing commitment to the highest levels of customer support.

"With our very solid and liquid balance sheet, and recurring revenue continuing to average in excess of 35% over the past five years, Objectivity is well positioned to promote accelerated growth as the economy continues to recover," said Gary Lewis, Objectivity's CFO.

"It is clear that internal investment is where the risk/reward arrow is pointing," said Jay Jarrell, Objectivity's president and CEO.  "A good example of this is the recent formation of our new business unit and related investments behind our upcoming product launch of InfiniteGraph, the distributed graph database for the cloud and beyond."

Strong financials and successful performances from FY10 allowed Objectivity to expand and create a new business unit, InfiniteGraph, targeted at the emerging NoSQL market. InfiniteGraph directly compliments the adoption of graph database products and is strategically complimentary to their flagship product, Objectivity/DB.