St. Croix Systems Closes 2010 with Eighth Year of Consecutive Growth as Hospitals Continue to Seek Savings through Effective Asset Management

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New products paramount to successful growth — Logistics Manager, Asset Investment Recovery, Safety Manager and Service Center Manager all achieve record bookings and go-lives.

By listening to our clients and partnering with them to develop new solutions, we have continued to extend our lead in the health care asset management market through innovative products and excellent customer support.

St. Croix Systems, an innovative provider of Enterprise Asset Management (EAM) solutions, today announced details supporting its profitability and seventh year of consecutive revenue growth.

The company also reports 2010 revenue and bookings growth for the eighth consecutive year. Closing out 2010 with 26 new customer wins and upgrades, completion of 38 implementations, maintenance and support renewals of 95 percent, and an unparalleled commitment to customer service. St. Croix Systems also released a Beta version of its new Customer Portal application, which allows for end users, such as nurses and department heads to have customized information portals to make and monitor service requests, as well as to access key reports on equipment performance.

“2010 was a very exciting and important year for St. Croix Systems," said Hank Goddard, CEO, St. Croix Systems. "By listening to our clients and partnering with them to develop new solutions, we have continued to extend our lead in the health care asset management market through innovative products and excellent customer service. Our success is reflective of our commitment to this market and our customers and we expect 2011 to be our best year ever.”

New Products Deliver Rapid ROI to Customers and Drive Growth at St. Croix Systems
The increasing pressure on hospitals to deliver operational cost savings while reducing capital expenditures is not likely to change in the near future. This new environment requires a new approach to managing capital equipment that does not erode quality of care. St. Croix’s focus on developing new products to meet these needs has well positioned the company for the future.

Goddard notes, "As our market continues to evolve, and more hospitals realize the significant cost and capital savings associated with effective equipment management, St. Croix will continue to expand its presence across patient support services. By increasing mobile equipment utilization, maximizing the return on assets at the end of their lifecycle, purchasing only essential assets, and efficiently managing asset logistics and maintenance, healthcare facilities can easily drive bottom line results from deploying EAM solutions."

St. Croix Systems offers the industry's only enterprise-class EAM system built for the specific needs of hospitals and the organizations that support them. In a matter of weeks, our customers can easily manage and track clinical, facilities and IT assets from purchasing decisions through usage to disposition.
"The enormous benefits and rapid ROI of EAM solutions led many of our new clients to replace poor performing, existing CMMS solutions with our robust and comprehensive 5.0 platform," said Goddard. "The latest platform offers an integrated suite of .NET applications that can be accessed from anywhere via a web browser. Various departments throughout the organization benefit from the installation — central supply, nursing, clinical engineering, facilities engineering and materials management."

St. Croix Systems' complete suite of solutions includes:

  •     Asset Enterprise™ with MyVue™: Enterprise-class CMMS and EAM platform with customizable dashboards
  •     Service Center Manager™: Enterprise service dispatch and escalation
  •     Logistics Manager™: Mobile asset location, delivery and utilization tracking
  •     Safety Manager™: Safety alerts and closed-loop incident management
  •     Asset Investment Recovery (AIR)™: Automation of asset disposition through internal and external channels
  •     Insight™: Dynamic OLAP reporting and dash-boarding
  •     Asset Logistics Interface™: RFID and Barcode interface
  •     Customer Portal: Customizable dashboard for nurses and department heads

About St. Croix Systems
Founded in 1993, St. Croix Systems is a leader in Enterprise Asset Management solutions that allow healthcare providers to manage the lifecycle of capital assets across the enterprise. With active control of the planning, acquisition, tracking, maintenance, safety, and retirement of these assets, customers can improve operation and capital performance, and ensure a safe and quality environment care. Healthcare customers across the country and around the globe have deployed St. Croix Systems’ highly scalable technology. For more information, please visit:


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Partick Redmond
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