Established in 1982, Software Engineering of America has built a global reputation as a leader in the field of data center software solutions. SEA is one of the most successful companies in the Data Center software industry, with products used at thousands of installations worldwide (partial user list). Over 10,000 data centers of all sizes and configurations are utilizing one or more of SEA's products, including 9 of the Fortune 10 as well as 85% of the Fortune 500 Companies. SEA has flourished since its inception, enhancing and strategically expanding its entire product line to meet the dynamic needs of the automated workplace.
SEA has NO debt, NO outside investors, and over its 34 years has been self-sufficient in meeting its needs in terms of research, development, and acquisitions. SEA has achieved this level of success by adhering to its commitment to develop and enhance products based upon user input and by backing these products with around-the-clock technical support that our customers can always rely on. In selecting SEA's products, users can be confident that our Product Development Teams are constantly working to create product enhancements based on user input. To ensure this, SEA consistently reinvests over 20% of annual revenues to research and development. This conviction results in robust, user-driven software solutions.
Software Engineering of America continues to increase market share and strengthen its entire product line with consistent product enhancements, developments, acquisitions, and overall support. These activities are all geared towards improving the depth of SEA's already impressive product line. These diligent efforts to broaden the scope of its product line have facilitated SEA's continued growth in its licensed user base, with products now licensed in over 50 countries.
In spite of continued software industry consolidation and the shrinking number of software choices available, SEA would like to assure customers of our intent to remain a leading privately-held data software provider in the industry.