FOR IMMEDIATE RELEASE
Satuit Records Strong Growth in 2011
Norwell, MA – January 31, 2012 - Satuit Technologies Inc., the leader in software front and middle office solutions for the Buy-Side asset management market, announced another strong year, in spite of the economic headwinds. The company’s revenue grew 14% and they added 31 new clients. Satuit also saw an increase in cross selling activities, with more than 15% of clients purchasing additional Satuit products.
With the previously announced product additions of SatuitPAC, SatuitSIP, and Satuit SecurePDF to the company’s flagship product SatuitCRM, the company has created a complete back to front office product suite. Satuit’s products are available either as hosted (SaaS) or on-premise.
To support this growth, in the past year the firm released SatuitCRM v. 12, SatuitPAC v.5 and Satuit Wireless 2.0, which allows users to access SatuitCRM on any mobile device including the iPad, iPhone and all Android devices. By focusing on Buy-Side financial service firms, Satuit has been able to deliver targeted products based on a clear view of the needs of their customers.
Satuit ended the year with a strong endorsement of its success: the company was the recipient of the Buy-Side Technology Award in the CRM category from Waters Technology.
“Despite the erratic performance of the economy in 2011, we have seen steady growth in the number of client firms using Satuit’s products,” said Karen Maguire, CEO of Satuit. “As a result, we have continued to invest in product enhancements and support staff to extend Satuit’s record of successful growth.”
ABOUT SATUIT TECHNOLOGIES, INC.
The company’s proprietary software, including SatuitCRM, SatuitPAC (packaging), SecurePDF, and SatuitSIP (secure portal), enable asset and wealth managers to better serve their clients, master information-intensive business relationships, to win new clients, and reduce costs. With offices in the United States and the United Kingdom, Satuit serves firms in more than a dozen countries as well as every major financial center. For additional information visit: www.satuit.com.
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Media Contacts:
Frank Camacho
Satuit Technologies, Inc.
781-871-7788 x4131
fcamacho@satuit.com