Press Release: Objectivity : Objectivity Announces 2019 Year End Growth and New Product Availability

San Jose, July 09, 2019 (GLOBE NEWSWIRE) -- Objectivity, Inc., a leader in enterprise database software platforms for critical, operational, real-time data and sensor fusion systems, announced significant financial growth for its fiscal year 2019, ending June 30, 2019. "Objectivity is pleased to announce bookings growth of over 70% during our fiscal 2019, as compared to fiscal 2018. This is complemented by increases for the same period in cash and receivables, and deferred revenue, exceeding 60% and 130%, respectively," stated Gary Lewis, CFO of Objectivity, Inc. The increases reflect additional business and Objectivity's new focus on selling subscription based licenses. Additionally, Objectivity's customer base continues to remain a strong piece of the business with a renewal rate of 95%. "This financial strength, along with a debt free balance sheet and effective cost controls, allows us to continue to develop and fund our business internally," stated Gary.