Apptricity Continues Record Growth in Q311
October 11, 2011 – Dallas Texas – Apptricity Corporation, an industry leader in automated Supply Chain, Logistics, Finance and Workforce Management business solutions, announced today its third quarter revenues grew at record pace from new license sales and multiple service task order awards across its commercial and government services divisions. Apptricity is on track to double its reoccurring revenues and achieve record profitability by year-end.
“We continue to see a strong demand from organizations that want to automate their Finance and Supply Chain operations to improve compliance without increasing costs” said Timothy D. Garcia, Chief Executive Officer & President of Apptricity. “Long-term customers as well as new ones in growing market segments are turning to Apptricity to streamline their operations, control costs, and extend their visibility worldwide.”
In addition to customer acquisitions in its traditional utilities, retail, finance and service sectors, Apptricity entered into the higher education market this quarter as a prominent research university selected Apptricity Expense Management to automate internal control for travel and expenses. Strong features, solution flexibility, and a time-tested deployment methodology were some of the key reasons cited by the university for its selection.
In Q3, Apptricity continued a long relationship with the Department of Defense (DoD) by signing multiple task orders extending support for the Product Director, Transportation Information Systems (PD TIS). PD TIS supports the DoD's transportation and logistics management for cargo and personnel worldwide. Apptricity's integrated Transportation Management solutions automates requisitions through delivery while providing full visibility and logistics coordination for operations schedules, transportation assets (air and ground), as well as cargo/personnel needs, availability and movement.
About Apptricity Corporation
Founded in 1999, Apptricity Corporation provides the core enterprise applications and services used to automate financial management, advanced logistics, supply chain and workforce management. Customers benefit from reduced operational costs due to improvements in efficiencies and compliance. Apptricity also offers multiple deployment alternatives to address customer demands including a perpetual license as well as Software-as-a-Service (SaaS). Built on an advanced Service-Oriented Architecture (SOA) framework, Apptricity solutions provide platform independence, broad-reaching integration, mass customization and hassle-free migration.
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