Phurnace Reports Red-Hot Q4 Revenue

Austin, Texas-based Phurnace Software claims that its unreleased Q4 2008 sales are the company's largest to date. Founded in 2006, the Java EE application configuration and deployment automation vendor closed a $5m series A round of funding from S3 Ventures and DFJ Mercury in the summer of 2008. Phurnace's flagship product, Deliver, now works with Oracle's 9.2 and 10g platforms in addition to IBM WebSphere Portals. New enterprise customers include several large financial services companies. In addition to a growing sales force, management cites the global economic crisis as another reason for the sales boost, since increasingly more potential customers face shrinking IT budgets.

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