BALA CYNWYD, PA - April 18, 2006 â FXpress Corporation, a leading treasury solutions provider, today announced record revenue and employee growth for the fiscal year ending March 31, 2006. FXpress has experienced a 26 percent revenue increase along with 41 percent employee growth due to the substantial demand for FIRST, the companyâs integrated, web-based treasury software.
The success of the 2005 fiscal year was the result of FXpress Corporationâs continued commitment to expand product and service offerings to its increasing client base coupled with recruiting talent to accommodate the rapid business growth. Numerous positions were filled to support product line extensions including product managers, developers, client support personnel, quality assurance specialists and business analysts. Additionally, the FXpress Bala Cynwyd, Pa headquarters were relocated to larger office space to accommodate the new hires.
âThe past year was a huge milestone for the company and speaks to our dedication to delivering the highest quality products to market,â said James Gilbert, Director of Business Development at FXpress. âIn the past, we have been known for our desktop product devoted to foreign exchange, but with the release of FIRST in 2003, we have developed into a full-service treasury solutions provider with our integrated, web-based software at the forefront.â
The company is poised for further growth in 2007. The expanded offerings, the companyâs strategic direction, and the FIRST Treasury Solutions brand will be unveiled during the annual FXpress User Group Conference in June.