We closed the first software license deal in the history of the company to exceed one million dollars. The deal, to a large financial institution, would not have been possible without the added functionality we delivered with our S-PLUS 7 release earlier in 2005.

We are happy with our overall financial performance in 2005. In addition to our first million-dollar software license deal, we also saw our first million-dollar plus professional services engagement. The engagement, to improve and automate the risk management systems of a large European financial institution, has been a success for both Insightful and our client. We have also invested in our products to set the stage for potential continued revenue growth.

The fourth quarter was the strongest quarter in Insightful Corporation's history. We are seeing the return on our investment in our S-PLUS® software and its enterprise capabilities.

[Microsoft executive Jeff Raikes remembers what the industry was like when he joined the company in 1981.] The software business was dominated by hardware companies, and everybody thought they would just come in and wipe us out, ... People forget that Microsoft took a huge bet to think that an independent operating system and programming language would be successful.

If a company does get caught, it's too late to go out and buy the software, ... Otherwise there's no incentive for companies to deal with this on their own. We make it expensive for the companies that get caught.

We believe we're the first software company to do this.