Sikka posts record sales growth in 2005

Feb. 1, 2006
Company records 210 percent increase in year-over-year revenues.

MILPITAS, California -- Sikka Software, a leading provider of business optimization software for small business healthcare industry said that it more than doubled revenue growth following a record year in 2005.

The company announced 210% growth in year-over-year revenues and more than 320% growth in sales for the year ending December 2005.

"We are pleased to report another record year of sales growth and look to the future with great enthusiasm," said Vijay Sikka, CEO and chairman of Sikka Software.

"Dentists through out the United States and now Canada are increasingly attracted to the benefits offered by Sikka's business optimization products, which deliver business intelligence dashboards and enhance integration between traditional practice management systems (ERP systems) and financial systems. This helps Dentist be the CEO of their practice. We have an outstanding training team, excellent technological capabilities, and powerful channel relationships to power our growth."

Driving the company's sales and revenue growth were the company's expanded flagship Sikka Dental Practice Optimizer and Sikka Fee Schedule Optimizer offerings and newly announced partnerships and working relationships with Productive Dentist Academy, Seattle Study Clubs and other great institutions.

In 2005, partners were responsible for more than 50% of Sikka's revenue. The company established several partnerships. To help them keep pace with growth, Sikka also saw a 100% increase in staff in 2005.