Satuit Technologies Reports Significant Growth of Recurring Revenues and Customer Base in Customer Relationship Management (CRM) Market
In 2005, Satuit Technologies grew its recurring revenue base by one hundred twenty four percent (124%) and the company is on target to double its recurring revenues in 2006. In order to support its growing client base, Satuit opened offices in the UK and expanded its US office space during the first quarter of 2006
Norwell, MA (PRWEB) June 5, 2006 - Satuit Technologies, Inc., the fastest growing provider of customer relationship management (CRM) solutions for investment professionals, today announced that it is experiencing significant growth in every aspect of its business.
“The significant growth that Satuit has, and continues to experience, is a direct reflection of the maturity on the CRM market space,” reports Karen Maguire, Chief Executive Officer of Satuit Technologies. “Investment Professionals are no longer willing to suffer through the use of generic CRM solutions that do not match their specific market needs. Satuit’s unique CRM product built for investment professionals, by investment professionals, has put us in the right place, at the right time, with the right product.” Maguire continued.
· In 2005, Satuit Technologies grew its recurring revenue base by one hundred twenty four percent (124%) and the company is on target to double its recurring revenues in 2006. In order to support its growing client base, Satuit opened offices in the UK and expanded its US office space during the first quarter of 2006.
· Satuit’s account base grew by eighty two percent (82%) in 2005 and is on target for another fifty percent (50%) in 2006: the number of users grew by sixty eight percent (68%), including new users added by existing accounts.
· Satuit’s staff grew by forty percent (40%) during 2005 with plans for 2006 staff growth of thirty percent (30%). Currently, Satuit has opening for four new positions in Business Development, Account Management, IT/infrastructure and Software Development.
Individuals who feel qualified for these roles, should forward resumes to hr@satuit.com.
About Satuit Technologies
Satuit Technologies, Inc. is a global leader in sales force automation (SFA) and client relationship management (CRM) solutions the professional investment market. The company’s SatuitCRM system was designed to enable asset management and hedge fund companies to increase sales, better serve their clients, master information-intensive business relationships, and reduce costs. With offices in the United States and the United Kingdom, Satuit serves clients in more than a dozen countries as well as every major financial center. Satuit Technologies was founded in 1994 and is privately held. For additional information on Satuit Technologies, visit: http://www.satuit.com/ or call 781.871.7788.
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