Transfinder Breaks Revenue Record, Increases New Orders by 23% in 2013

SCHENECTADY, NY (01/20/2014)(readMedia)-- Transfinder, a leading provider of transportation management solutions for more than 1,500 school districts in North America and the Caribbean, set another sales record in 2013 – its 14th consecutive record-breaking year, among other corporate milestones.

The Company added 157 new clients, expanded its products and services, increased its staff and achieved another double-digit revenue growth. Revenues grew from $7,850,000 in 2012 to $8,605,000, a 10% increase.

"We ended 2013 with a bang and we will be making a lot more noise in 2014," said Antonio Civitella, Transfinder president & CEO. Transfinder had a record year closing with a 23% increase in orders.

"There's an increase in demand for efficiency in operations that is driving this growth," Civitella said. "We've been the leader and people want to work with the leader. Ultimately, we save our clients money."

Civitella recapped the highlights of 2013 at his annual State of the Union company meeting held at its headquarters on 440 State Street, Schenectady:

* Sustained double-digit revenue growth for the past 16 years;

* Named to the Inc. 5000 as one of the fastest growing private sector companies for the eighth consecutive year ;

* Achieved recognition as one of the Best Places to Work in the Capital Region by the Albany Business Review;

* Increased community sponsorships by not only donating to Proctors Educational Programs, but also donating 263 backpacks to the regional food bank for the Thanksgiving food drive;

* Celebrated the grand opening of a new $7.0 million modern corporate headquarters in downtown Schenectady;

* Celebrated 25 successful years in business and achieved two record breaking quarters reaching more than $1.0 million in sales in both the first and fourth quarters; and

* Expanded services to the Caribbean, adding Puerto Rico to its list of clients.

"While 2013 was a great year, we're keeping our feet on the gas," Civitella said. "We'll be celebrating many more milestones this time next year as we expand service offerings, enter new market segments and start doing business overseas."

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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