The CRM vendor says the growth was due at least in part to the continuing trend for hosted solutions.
CRM vendor Satuit Technologies says its 2009 earnings grew 80 percent year-over-year.
"2009 was a building year for us," says company CEO Karen Maguire. "We took advantage [of] our surplus cash and of the market conditions to add staff, in sales, programming and client support. There was a lot of strong talent out there and we were in a position to make some bold moves. We also saw our reputation for success in the asset management industry bear fruit as we won larger deals against much larger competitors."
"The company credits 'strong client retention and the growth of its sales force' for the strong results," writes TMCnet's David Sims.
"Satuit officials also mentioned what they called 'the continuing trend for hosted solutions'... playing a role, with SatuitCRM's on-demand product outpacing their on-premise offering at a rate of 'nine out of every ten deals,'" Sims writes. "Still, they said 2009 saw interest in on-premise deployments, noting that the vendor can deliver 'the same software and service for both hosted clients and more traditional on-premise deployments.'"
Click on the following to read the TMCnet article: Satuit Announces '80 Percent' Improvement in Earnings