BSQUARE has renewed its Original Equipment Manufacturer (OEM) distribution agreement with Microsoft, which allows BSQUARE to distribute Microsoft's complete line of Windows Embedded operating systems to North American OEMs.
The company is a provider of smart device solutions and offers its customers licenses for Windows Embedded operating systems as well as value-add capabilities such as engineering services, products like SDIO Now! for enabling Secure Digital technology on mobile devices, and technical training and support.
BSQUARE's sales of Microsoft Embedded operating systems grew from US$12.0 million in the first half of 2004 to US$13.2 million in the first half of 2005, an increase of 10%. Excluding the impact of a significant customer loss in the first quarter of 2005, sales of Microsoft Embedded operating systems were up 48% for the first half of 2005 as compared to the first half of 2004. Microsoft Embedded operating sales represented 53% of total revenue in the first half of 2004 and 64% of total revenue in the first half of 2005.
According to Venture Development Corporation's report, The Embedded Software Strategic Market Intelligence Program 2004, Microsoft captured 26% of worldwide operating system and toolkit market as measured by revenue in 2003. The same report forecast that between 2003 and 2006, revenue from sales of embedded software development solutions in the Americas would grow at an annual rate of 14%.
