Transfinder Reports Record Numbers in 2009

174 New Clients; 18% Revenue Growth; 11% Employment Growth

SCHENECTADY, NY (01/19/2010)(readMedia)-- Transfinder, a leading provider of transportation management solutions for school districts, today announced significant growth for 2009. The Company added 174 new clients, a 12% growth over 2008. The company has continued its steady double-digit revenue growth closing 2009 with $5,360,000 in revenues, an 18% increase over last year. Current staffing levels also increased to 48 employees, an 11% growth.

Highlights of 2009 include:

  • Maine Department of Education (MDOE) awarded Transfinder the state contract to provide a centralized student routing and transportation management system for its school districts;
  • The company unveiled a new website, signaling Transfinder's intention to be the market leader for pupil transportation in the United States with plans to go global in the near future;
  • The company posted the highest annual growth in new clients representing a significant 12% growth rate. Today Transfinder serves more than 1,200 school districts across the country, delivering safe, efficient, and cost-effective transportation management and communications solutions for optimal transportation logistics.

Antonio Civitella, president and CEO, said, "We have had a notable year in 2009, and we are already building on this momentum to jump-start our plans for 2010. In the past year we've added a strong marketing and communications team to expand high-quality communications that have deepened our relationships with our customers and helped foster new relationships with our partners, reinforcing our commitment to help school districts improve efficiencies and cost savings."

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.