Transfinder Achieves 20% Revenue Growth in 2012

SCHENECTADY, NY (01/21/2013)(readMedia)-- Transfinder, a leading provider of transportation management solutions for more than 1,500 school districts in North America, today announced significant corporate milestones for 2012. The Company added 143 new clients, expanded its products and services, and achieved double-digit revenue growth. Revenues grew from $6,500,000 to $7,850,000, a 20% increase over the prior year. The company also reached the final stages of constructing its new corporate headquarters at 440 State Street in downtown Schenectady with an anticipated move-in date in the spring.

Antonio Civitella, president & CEO, said, "Our growth this year demonstrates that we are meeting the needs of school districts that are trying to find ways to increase transportation efficiencies, keep their students safe, and reduce costs. We have been fortunate to be able to offer products and services that meet these needs and have grown the company as a result. At the same time, we continue to bring new innovations to market, offering the first mobile application for transportation that has garnered excitement in the industry."

Civitella recapped the highlights of 2012 at his annual State of the Union company meeting held at Proctors GE Theater on Monday, January 21st:

• Sustained double-digit revenue growth for the past 15 years;
• Named to the INC 5000 as one of the fastest growing private sector companies for the seventh consecutive year;
• Reached the final stage of construction of a new $7.0 million corporate headquarters in downtown Schenectady;
• Expanded the staff in client services, client relations, development, and quality assurance to support a growing client base; and
• Successfully launched a new mobile app for the iPad® – Infofinder mobile – which enables district administrators to access critical transportation information wherever they are.

Civitella added, "2013 marks our 25th year in business and, as we look to the future, we expect to increase market share throughout North America and expand into international markets by offering new innovations that meet the changing needs of school districts and by partnering with industry leaders who offer compatible technology products."

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 Pitney Bowes Business Insight – MapInfo, 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.

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