Spinnaker Support Announces Full Year 2018 Performance Results

DENVER,March 8,2019 --Spinnaker Support,a leading global provider of Oracle and SAP third-party services,today announced performance highlights for its full fiscal year ending December 31,2018.

Spinnaker Support is the fastest growing provider of third-party maintenance and managed services for Oracle and SAP applications

"In 2018,we celebrated 10 years of serving Oracle and SAP users who sought a better way to obtain support for their critical enterprise software," said Matt Stava,CEO,Spinnaker Support. "Revenues,bookings,gross margins,net new customers,and customer satisfaction all reached record highs. Global demand continues to increase at a steady rate for our unique blend of services. As cloud roadmaps continue to progress,IT leaders are realizing they can successfully innovate under our third-party support model while funding the transition with dramatic cost savings."

Company Growth and Geographic Expansion

Net new sales bookings increased by 31.9% compared to FY 2017.

Customer count rose to 1,078. Now supporting customers on six continents.

The company has remained profitable for 40 consecutive quarters.

Employee count grew by 26.4% compared to FY 2017,with resources added in all nine global support centers.

Expanded service offerings,including SAP Sybase support and Oracle License Compliance and Audit Defense.

Appointment of Jae Sam Lee as Vice President of Asia-Pacific Support Operations.

Continued enhancement of already strong application security and vulnerability protection capabilities

Customer Satisfaction and Testimonials

Customer satisfaction rose to a record 98.7%,with high marks for support quality,responsiveness,technical and functional knowledge,understanding of customer's unique environment,and issue resolution.

Customer willingness-to-recommend exceeded 90% again.

"We tried hard to make our relationship with Oracle work and to locate resources to help implement new technology in 9.1 tools such as Orchestrator. Oracle only wanted to discuss migration to their own cloud solutions,which were of no value to us. Our IT team was receiving only cursory responses from Oracle support regarding open service requests. Bug fix issues we reported would go months with no response or progress from Oracle. Layne had to continue to hire contractors to develop their own fixes or enhancements to existing functionality. Our current JD Edwards support provided by Spinnaker Support is far superior,and we love our dedicated team that we can always rely on." - Sherry Hunyadi,Vice President of IT,Layne Christensen

"Spinnaker Support's service is significantly above Oracle's. We are particularly delighted with the speed a subject matter expert is available to assist. That could take hours with Oracle support and just minutes with Spinnaker Support." - Edinburgh Airport

"It just works." - Tytti Erkama,Head of Solution Development at Vaisala,speaking about Spinnaker Support's E-Business Suite Support at the 2018 Gartner Sourcing,Procurement,Vendor & Asset Management Summit in London. During the Question & Answer session,Ms. Erkama was asked to compare the software vendor-provided support model vs. the third-party support model,on a scale of 1 (low) to 10 (high). She rated Spinnaker Support a 9 out of 10,citing she doesn't give perfect scores "because her Finnish culture doesn't allow perfection."

Certifications and Awards

New and Ongoing Certifications – ISO 9001:2015,ISO/IEC 27001: 2013,Cyber Essentials,Privacy Shield – while following ISO 31000 Risk Management Standards.

Just completed ISO 9001:2015 audit with zero non-compliances

Awards:

Top 25 SAP Solution Providers in APAC

Two Stevie Awards for Customer Department of the Year,Customer Service Leader of the Year

CIOReview Top Most Promising SAP Solution Providers,Top 20 Most Promising Oracle Solution Providers

About Spinnaker Support

Spinnaker Support is a leading and trusted global provider of Oracle and SAP third-party support. Spinnaker Support customers get more comprehensive and responsive service,save an average of 62% on their annual maintenance fees,and can remain on their current software releases indefinitely. A rising number of our third-party support customers are utilizing incremental services we provide. We remain the only third-party support vendor to deliver application managed services,technology managed services and consulting when customers prefer to consolidate with a single vendor. They trust Spinnaker Support to keep their enterprise applications running at peak performance,while helping them navigate from on-premise to hybrid to cloud.

Spinnaker Support's award-winning blend of services span SAP,BusinessObjects,Oracle E-Business Suite,JD Edwards,Siebel,Oracle Database,Oracle Technology and Middleware products,Hyperion,Demantra,Agile PLM,ATG/Endeca,and more. For more information,visit our website.

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