Coherent Solutions Sets Record for Revenues in 2009

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Coherent Solutions announced it set a company record of $6.3M in revenues in 2009. This was done in spite of the global recession in 2009. The company predicts further growth in 2010 as the economy recovers and as IT-related outsourcing continues its historic pattern of growth.

“We’re pleased we posted strong financial results against the backdrop of the global recession in 2009,” said Robert Duff VP of Service Delivery. “Software Development Outsourcing will continue to grow in 2010 and we expect to be a part of that growth."

Coherent Solutions, a Minneapolis-based software development outsourcing firm with offices in Minsk, Belarus, today announced it had set a record for revenues in 2009. The company posted $6.3M in sales for 2009 representing an 8% growth in revenues over 2008.

Coherent Solutions worked on projects for 32 different customers in both North America and Europe in 2009. These customers ranged from Fortune 500 organizations to pre-revenue startups with work concentrated on product development in the software industry and in complex custom business applications within the Healthcare and Media industries.

Coherent performed a variety of services for these customers including software development, quality assurance testing, software maintenance, architecture and technology strategy, and process consulting. A majority of the systems were either web-related or mobile with a technology emphasis in the Microsoft, Java, and LAMP technology stacks where Coherent boasts its greatest expertise.

“We’re pleased we’ve been able to maintain solid financial results against the backdrop of the global recession in 2009,” said Robert Duff VP of Service Delivery. "Software Development Outsourcing will continue to grow in 2010 and we expect to be a part of that growth."

About Coherent Solutions:
Since 1995, Coherent Solutions have helped large enterprises, software vendors, and SMBs save development and maintenance costs, and bring products and complex applications to market faster. With offices and highly experienced teams in both the U.S. and Eastern Europe, the company's outsourcing model yields superior results because it uses its industry leading delivery management in the U.S. to create strong integration from its development center to the client’s doorstep. For more information about our software development outsourcing capabilities, please visit http://www.coherentsolutions.com.

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