8 Jan

Transfinder's Momentum Closes 2006 With Another Record Year

Transfinder's Momentum Closes 2006 With Another Record Year

SCHENECTADY, NY - January 08, 2007 - Transfinder, A MapInfo partner and provider of transportation management solutions for school districts, today announced significant growth for 2006. The company added 151 new clients and grew 15% in new sales revenue over 2005. Today Transfinder serves more than 750 school districts, a 25% growth over 2005. Transfinder products are now used by school districts in 46 states. The company continued its double-digit increase in total annual revenues, ending with a 20% increase in revenues for the year.

Highlights of 2006 included:

  • Continued market dominance in New York and Texas.
  • Annual revenues of $3 million.
  • A 35% increase in staff of newly created positions to accommodate growth.
  • Expanded to 46 States, increasing market share.
  • 151 New customers, 750 total clients served.
  • Transfinder fm, a fleet maintenance product was released in 2006.

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.