It has been a tremendous year for bTrade as we have continued to achieved strong financial results and great success in all elements of our business”, notes Steve Zapata, President and CEO of bTrade.
Glendale, CA (PRWEB) August 15, 2012
bTrade LLC, a leading provider of secure and managed file transfer technology solutions, today announced increased financial results for the first half 2012 as compared to strong results achieved in the first half 2011. bTrade remains debt free while increasing its cash reserves and maintaining strong cash flow. The available company credit lines remain unused.
First Half 2012 Financial Highlights Include:
- 13% revenue growth in first half 2012 over first half 2011
- 21% increase in Net Income in first half 2012 over first half 2011
- Maintained the high end of EBITDA which is currently at 55% for 2012
- Strong and increased recurring maintenance revenue streams
- Continued strong and increasing cash position over 2011
Bank Debt related to the acquisition of bTrade in 2008 was retired seven years early and the company continues to be in a debt free position.
1st Half Business Highlights:
June 2012- bTrade renewed a near seven figure maintenance and software agreement with a government entity with over 40,000 endpoints. This entity has also purchased and upgraded to bTrade software on various servers in support of these endpoint/customers.
March 2012- bTrade signed an agreement with a leading multinational entertainment and picture provider for a strategic MFT gateway that will provide and exchange information with their trading partners located around the globe.
Added new enterprise customers in both the US and Europe:
bTrade has expanded into Panama within the banking industry. Every major bank uses bTrade software as part of their security needs.
bTrade has also expanded into the judiciary industry in Poland with multiple installations in the local district courts.
“It has been a tremendous year for bTrade as we have continued to achieved strong financial results and great success in all elements of our business”, notes Steve Zapata, President and CEO of bTrade. “Our momentum in the first half of 2012 continues to validate our fundamental strategy and vision for bTrade solution and services. Looking ahead, I am confident with bTrade’s strong financial position that we will continue to deliver sustained revenue growth and achieve a higher full-year financial performance than in 2011.”
bTrade develops secure and managed file transfer technology solutions for enterprises that share sensitive data across applications and organizations, and face complex security and compliance mandates. Thousands of customers depend on bTrade solutions to gain control and oversight of the movement of critical corporate data to facilitate data growth, reduce security risk, and improve IT and business efficiency. bTrade was founded in 1990 and is led by eBusiness visionaries who have delivered industry-leading business integration solutions to thousands of enterprise customers worldwide. bTrade is privately held and profitable with its global headquarters located in Glendale, CA USA.
For more information on bTrade’s solutions and services, please visit bTrade.com