* Satuit’s European Revenue Doubled in 2006
* SatuitCRM users located in every European financial center
* SatuitCRM On-Demand accounts for over 90% of all new business
Satuit Technologies, Inc., the leading provider of customer relationship management (CRM) solutions for investment professionals, today announced its second consecutive year of record growth. Worldwide revenue growth for 2006 exceeded sixty-eight percent (68%), supported by a strong expansion in Europe where revenues more than doubled.
Satuit credits this growth to its continued focus and commitment to the financial services sector, allowing it to deliver out-of-the-box support and functionality for serving investment professionals in a matter of weeks. The growing trend for hosted solutions also played a role with SatuitCRM On-Demand outpacing the On-Premise solution at a rate of nine out of every ten deals.
“We continued to streamline our execution during the past twelve months to the point where we deliver our software, data migration and configuration, in 2-6 weeks depending on the complexity of the legacy systems. We look forward to 2007 as a challenge to meet or exceed our 2006 customer success,” said Karen Maguire, CEO of Satuit Technologies. “We are very pleased with the tremendous growth we’ve experienced with our On-Demand solution and its ability to allow clients to get up and running in record time with little capital expense or implementation resources. Our clients see fast return-on-investment (ROI),” Maguire continued. “This benefits everyone, our clients, our partners and of course Satuit,” Maguire concludes.
Unlike other CRM solutions targeted at the investment professional market, SatuitCRM was designed and built for investment professionals, by investment professionals. It is evident that investment professionals clearly see the benefits of a solution that mirrors the way they work, eliminating much of the learning curve of other CRM solutions available.
About Satuit Technologies
Satuit Technologies, Inc. is a global leader in sales force automation (SFA) and client relationship management (CRM) solutions the professional investment market. The company’s SatuitCRM system was designed to enable asset management and hedge fund companies to increase sales, better serve their clients, master information-intensive business relationships, and reduce costs. With offices in the United States and the United Kingdom, Satuit serves clients in more than a dozen countries as well as every major financial center. Satuit Technologies was founded in 1994 and is privately held. For additional information on Satuit Technologies, visit: http://www.satuit.com/ or call 781.871.7788.
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