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Monday March 2

Mitchell International Achieves Record Revenues in 2008

Mitchell International Inc., a provider of information, workflow, and performance management solutions to the property and casualty claims and collision repair industries, has announced record business performance results for 2008.

Mitchell grew revenue by over 15 percent on a year-over-year basis, and is on pace to achieve similar growth in 2009—with sales expected to exceed a quarter of a billion dollars.

Moreover, Mitchell made substantial gains in new customer additions, adding over 2,500 new collision repair shops to its network in 2008.

“We are proud of our strong performance in 2008, especially given the challenges presented by the economy,” said Alex Sun, President and CEO, Mitchell International. “The fact that Mitchell achieved balanced growth across its key business lines was especially encouraging.”

Mitchell’s physical damage business benefitted from a number of product lines. WorkCenter(TM) Total Loss, WorkCenter Dispatch, and ABS(TM) Enterprise each more than doubled revenue year over year, and AutocheX grew by 20 percent.

Sun added, “As our business results demonstrate, Mitchell was, and is, firing on all cylinders, with even more powerful momentum and results expected in 2009. Thanks to the tireless efforts of our over 1,300 dedicated colleagues and the continued support of our customer base, Mitchell is stronger than it has ever been.”

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