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Innovative Systems Reports Record First Quarter Results

PITTSBURGH, May 3 /PRNewswire-FirstCall/ -- Innovative Systems, Inc. (ISI), a leading global provider of data quality and regulatory compliance solutions, today announced performance results for the quarter ending March 31, 2007.

New licenses and service revenue in the first quarter of 2007 were up 35% over the same quarter in 2006 and 39% in the past six months over the same period a year ago. Driving the impressive growth were increases in new data quality software sales with associated professional services fees, along with increased fees generated by the company's hosted services.

"Although there are a number of areas where our revenue numbers are up, t

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