McLeod Software Announces Record Growth with a 56% Increase in Sales

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Transportation companies are investing in information technology at a record pace

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Several of our customers have told us that the savings and efficiencies they gained in the last two years with their new information systems capabilities made the difference between operating with a profit instead of a loss in their fiscal year.

McLeod Software has completed its fiscal year with a new record for sales growth. The company’s 2010 fiscal year shows with a 56% sales increase over 2009.

“We continue to see extremely strong growth in investment in information technology from our customers in the transportation industry” says Tom McLeod, President and CEO of McLeod Software. “2010 was a much better year overall for freight transportation, and our customers have invested in information technology solutions because of the very high rate of return for those investments. Well-managed companies are continuing to improve their operations with better systems.”

Tom McLeod explains the nature of the company’s growth by saying “We have seen strong growth from both our existing customers who are expanding/upgrading their IT systems capabilities, and new customers who are implementing our off the shelf solutions for trucking dispatch management, brokerage, business process automation, document management and imaging, and freight management. Every category of product and every type of customer segment we measure generated double digit growth for our 2010 fiscal year to contribute to this overall 56% increase.”

“We believe this trend reflects the terrific return on investment our customers are receiving. Several of our customers have told us that the savings and efficiencies they gained in the last two years with their new information systems capabilities made the difference between operating with a profit instead of a loss in their fiscal year. And we consistently find customers who have been able to recoup their capital investments in very short time frames. We have many of reports from customers who saw a greater than 100% internal rate of return in the first year for their IT projects. As our industry and our customers continue to find new ways to leverage their IT investments to deliver valuable capabilities for the business, we expect this trend of new IT capital investments to continue. It bodes well for the health of our industry that technology adoption is being done in ways that yield tangible business benefits.”

McLeod Software is a leading provider of transportation, brokerage and document management systems. Specifically developed for the trucking industry, McLeod’s advanced management solutions and services enable transportation companies to increase their efficiencies in all areas while reducing costs. McLeod Software’s integrated best-in-class software products include LoadMaster X, LoadMaster LTL, PowerBroker™ III, DocumentPower™, HirePower™ and the iLENS™ freight management product line.
Founded in 1985 and headquartered in Birmingham, Alabama, the company serves truckload carriers, freight brokers and 3PLs throughout North America. For more information, contact McLeod Software toll free at 877-362-5363 or visit http://www.McLeodSoftware.com.

Media Contact:
Caroline Lyle
Director of Business Development
McLeod Software
205-823-5100 tel
205-823-0000 fax

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Caroline Lyle
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