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ATLANTA, Jan. 15, 2014 /PRNewswire/ -- ServTrax, a SaaS cloud solution company, today announced record growth in 2013 including:
- 43% growth in contracts under management,
- 27% increase in the total number of assets under management
- 6% growth in the number of customers.
Jay Hill, Director of Operations, attributes the growth to the continued expansion of services within the TRAX Platform and the addition of the new business analytical solution, MarkeTrax.
Commenting on the results, Karl Pontius, ServTrax's president and CEO said, "I believe these results show clear evidence of the capacity for TRAX to generate significant organic growth in our partners' businesses. By providing the infrastructure and expertise necessary to manage their customer's assets and associated maintenance contracts, our partners are more integrated in their customer's asset lifecycle management business processes. The result being the significant growth we are reporting in the number of contracts and assets compared to the more moderate growth in the number of end user customers under management. Our partners are leveraging TRAX to increase their revenues from their existing install base customers."
Delivered exclusively through a nationwide channel of IT vendors, ServTrax has been an industry leader in asset and support contract management for more than a decade. Today, ServTrax customers use TRAX to manage over $750 million of annual support revenue on more than 1.5 million assets from 10,000+ customers and over 150 different manufactures.
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