Satuit Technologies Enjoys Strong Earnings in 2009

Satuit Technologies, Inc., the leading provider of customer relationship management (CRM) solutions for investment professionals, today announced that the company’s earnings for 2009 grew by 80% year over year. The company credits its strong client retention and the growth of it’s sales force for the strong results.

“2009 was a building year for us. We took advantage our surplus cash and of the market conditions to add staff, in sales, programming and client support,” said Karen Maguire, CEO of Satuit. “There was a lot of strong talent out there and we were in a position to make some bold moves. We also saw our reputation for success in the asset management industry bear fruit as we won larger deals against much larger competitors.”

The continuing trend for hosted solutions also played a role with SatuitCRM On-Demand outpacing the On-Premise solution exceeding a rate of nine out of every ten deals. But 2009 brought renewed interest in on-premise deployments of SatuitCRM. Satuit is in the unique position of being able to deliver the same software and service for both hosted (Software as a Service) clients and more traditional on-premise deployments. The flexibility was a key element for some deals won by Satuit in 2009. Approximately 11% of Satuit’s total client base has installed SatuitCRM on their own servers, but these clients represent more than 28% of all users.

Unlike other CRM solutions that target the investment professional market, SatuitCRM was designed and built for investment professionals, by investment professionals. Satuit’s growth serves as evidence that investment professionals benefit from a solution that mirrors the way they work, eliminating much of the learning curve of other CRM solutions available.