Record revenue growth; launch of new platform
TransactTools, the leading provider of enterprise software and consulting services for electronic trading connectivity, announced record results for its fiscal third quarter ended January 31. The companyâs revenues jumped 31% from the previous quarter while net income doubled. For the first nine months of its fiscal year, revenues were up 36% over last year.
"In the financial services industry, decision-makers are getting smarter about tackling the problem of enterprise connectivity," said Mike Johnson, TransactToolsâ CFO. "With IT budgets on the rebound, firms finally have the resources to give their connectivity infrastructures the attention they deserve. Firms can address critical needs like reliability, speed, and flexibility with our integrated solution. More and more, weâre helping new platform customers replace a mishmash of vendor products that are difficult to integrate and near-impossible to support."
Coinciding with the end of TransactToolsâ fiscal quarter was the release of its next-generation platform for Transactional Connectivity Management, called TCM5. The new platform provides out-of-the-box capabilities for financial messaging, order routing, real-time performance measurement, event monitoring, and business notifications across the enterprise.
"Our performance this fiscal year has been the result of our ability to deliver sustained ROI to customers," Johnson added. "Our focus remains on investing in critical areas like customer support, infrastructure, and R&D. With the TCM5 platform release, our customers around the world can rest assured that the best is still ahead."