4 Jan

Transfinder Exceeds Goals in 2005

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Transfinder Exceeds Goals in 2005

SCHENECTADY, NY - January 04, 2006 - Transfinder, A MapInfo partner and provider of transportation management solutions for school districts, today announced significant growth for 2005. The company added 152 new clients, representing 58% growth over 2004, and expanded its customer base to 42 states. Today Transfinder serves more than 600 school districts, a 33% growth over 2005. The company continued its double-digit increase in quarterly revenues, ending with a 24% increase in revenues for the year.

 

Highlights of 2005 included:

  • Continued market dominance in New York and Texas.
  • Annual revenues of $2.6 million.
  • Established a strategic alliance with Buyboard.com.
  • Resource allocation to new product development for the upcoming year.

 


About Transfinder

Founded in 1988 and headquartered in Schenectady, New York, Transfinder is a national leader in student transportation management systems and services, offering routing and scheduling solutions for optimal transportation logistics. A business partner of MapInfo Corporation, Transfinder applies MapInfo's industry-leading mapping technology and database management to deliver superior transportation and logistics management solutions. Transfinder products allow school districts to manage bus routes, provide safe and efficient student transportation, and access a wealth of critical district information. For more information, visit www.transfinder.com.