SOUTH SAN FRANCISCO, CA, Nov 08, 2005 -- BitMover Inc., the provider of BitKeeper, the SCM industry's only peer-to-peer collaborative development tool, today announced their seventh consecutive quarter of record revenue.

BitMover's revenue for the third quarter of 2005 rose by 56% compared to the third quarter of 2004. The consecutive increase in revenue has led to an 89% increase in year-to-date revenue over the same time in 2004. This rapid growth is coming from both new customers as well as expansion within existing customers.

"The market has become aware of the power associated with using BitKeeper and the Delta Development Model", said Bob Burres, VP of Sales at BitMover. "Two out of three developers who try BitKeeper buy BitKeeper."

BitMover has a very rich roadmap that they expect will keep them ahead of the market for years to come. BitKeeper's unique, peer-to-peer, distributed architecture is the perfect foundation for an array of new features that will address the toughest challenges associated with today's complex development environment.

"BitKeeper is clearly the technology leader in SCM." Said Harold Hunt, VP of Engineering at StarNet Communications. "Their unique architecture allows us to keep code isolated until it's been fully tested so we can maintain our high level of quality and the integration with Cruise Control.NET simplifies our build process."

BitMover's culture of continual innovation has been the key to their success and the catalyst for their rapid organic growth.

About BitMover

Founded in 1998, BitMover Inc. is a privately held Silicon Valley based company. BitMover's flagship product, BitKeeper, shortens the software development lifecycle by providing the industry's only peer-to-peer collaborative development tool. Many of the world's largest independent software and hardware vendors have used BitKeeper to more effectively manage their development projects. Companies from startups to the Fortune 50 use BitKeeper to increase their productivity. BitKeeper enables best practices in software development through powerful workflow capabilities; gives managers enhanced control over their projects, and enables greater productivity in engineers through best-in-class merge technology. For more information, please see http://www.bitkeeper.com.