POTTSVILLE, Pa., Feb. 3, 2011 /PRNewswire/ -- EXTOL International, a leading B2B integration solution provider, today announced strong fiscal 2010 growth, with software sales up 55 percent over 2009. EXTOL delivered a robust business performance across a number of areas, including new customer wins, new partnership deals and the launch of the latest version of its flagship product, EXTOL Business Integrator. In December alone, EXTOL posted the second-highest month of revenue in the company's history.
EXTOL attributed its outstanding results to adding new clients through its direct and partner sales channels as well as several substantial expansion orders from existing clients. The company also saw significant uptake of its EXTOL Business Integrator (EBI) solution, with the release of EBI 2.5. EBI 2.5 includes innovative design-time tools that automate integration lifecycle activities.
Selected highlights from 2010 include:
- Increased client base. Notable customer wins included Hornell Brewing—manufacturer of AriZona Iced Tea, Old Dominion Freight Lines and Wausau Paper.
- Partner network growth. EXTOL signed several new business partners, including TMW Systems, a provider of fleet and transportation management software. The company's growing partner network contributed to more than 30 percent of new client growth.
- Product line growth. EXTOL launched EBI 2.5, which includes design-time tools that automate the most time-consuming and expensive activities in the integration lifecycle, allowing companies to reduce business integration time, effort and costs by 70 percent or more.
- Market recognition. EXTOL was named to Software Magazine's 28th annual Software 500 as one of the world's largest software and service providers. EXTOL's Secure 5.4 was also certified AS2 Interoperable (AS21Q10) by Drummond Group for the sixth consecutive year.
"We are very encouraged by the impressive results we had in 2010," said Tony Baran, president and CEO of EXTOL. "Across the board, EXTOL executed very well against its growth plan and we are very optimistic about 2011 with our continued expansion across the enterprise as well as our growing network of influential partners."
For more information about EXTOL, visit www.extol.com.
About EXTOL International
EXTOL helps lean businesses to simplify and accelerate trading partner integration as well as efficiently manage internal application integration. Our comprehensive and easy-to-implement integration solutions generate results in a fraction of the time and with significantly less resource commitment than similar solutions. EXTOL offers companies that often struggle with limited budgets, resources and skills the same level of partner integration and performance that larger organizations enjoy – without the high cost or effort usually associated with integration solutions. The combination of EXTOL's leading-edge technology and team of industry experts ensures an effective solution for automated trading partner communication. At EXTOL, we simplify and accelerate B2B integration for businesses. For more information about EXTOL, visit www.extol.com.
SOURCE EXTOL International