New Regional Sales Directors, Professional Services and Marketing Resource to Help Drive Further Growth

London, UK – 9th May 2012 – Seal Software Group, a provider of solutions to discover, capture, extract and manage contracts, today announced record revenues and growth for the first quarter of 2012. Recent customer wins include Array BioPharma, Fujitisu, Miami Children’s Hospital, LexisNexis, Wireless Generation, Kuwait Energy, SIS and Pioneer Natural Resource.

In addition to new customer signings, a further six existing clients have placed repeat business with Seal, reaffirming their trust in the contract-centric solutions that Seal provide. The combination of new customer wins and repeat business has resulted in Q1 revenues more than tripling year on year.

Strong licence sales also drive strong professional services revenues as clients engage Seal’s experts to maximise the return on their investments. Seal’s unique Contract Discovery solution is leading the charge, with its Contract Lifecycle Management offering, providing the complete, end-to-end contract management environment for organisations across the globe.

Ulf Zetterberg, Founder and CEO, Seal Software Group said, “In order to keep pace with the increasing demand demonstrated by these strong results, we have expanded our workforce in both client facing and back office functions. It’s testament to the vision that Seal has set out that we’re able to attract the best people in the industry, including experienced sales leadership, professional services, marketing and finance personnel. As our pipeline continues to grow, we’re well placed to deliver continuing growth with the people we have on board. These are exciting times at Seal as we continue to innovate to meet our client’s needs. We’re extremely proud of our achievements to date.”