Day Software Holding AG, a provider of open, standard-based content infrastructure and content management software, on Wednesday announced record revenue growth and strong operating results for the first half of 2010. In a separate announcement, Day Software also announced today that it has entered into a definitive agreement with Adobe Systems for Adobe to launch a public tender offer to acquire all of the publicly held registered shares of Day Software for CHF139 per share in cash in a transaction valued at approximately CHF255 million on a fully diluted equity-value basis. More details regarding the transaction are available in the joint press release issued by Adobe and Day Software earlier today, which can be found at http://www.adobe.com/aboutadobe/invrelations. Day reported total revenues of CHF 25.1M, an increase of 47% from total revenue of CHF 17.0M for the first half of 2009. License revenue accounted for 49% of total revenue at CHF 12.4M, an increase of 71% from total license revenue of CHF 7.2M for the first half of 2009. Strong customer renewals drove CHF 7.1M in support and maintenance revenue, or 28% of total revenue, with services revenue totaling CHF 5.5M for the period. Day also reported net income of CHF 3.7M for a total profit margin of 15%. Total cash at the close of the first half of 2010 was CHF 27.2M, a 49% increase over 1H 2009.

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