Imported from previous forum
ttCONNECT, ttCERT and ttALERT Each Contribute to Exceptional Results
New York, NY – March 4, 2003 – TransactTools, Inc., the first to provide a complete platform for messaging connectivity, today announced record profitability for its fiscal Q3, with net income up 164% from the previous quarter. Revenues also hit a new high, increasing 161% over the year-ago quarter. This was the Company’s sixth consecutive quarter of top-line growth.
Each of the products comprising TransactTools’ connectivity platform (ttCERT™, ttCONNECT™, and ttALERT™) contributed to the company’s results, with each achieving a significant milestone during the quarter.
Sales of ttCONNECT™, the most scalable multi-protocol messaging engine available, increased 52% over the previous quarter.
ttALERT™, TransactTools’ transaction monitoring and exception-processing platform, saw a 102% jump in sales over the previous quarter.
The Company’s flagship certification service, ttCERT™, has now helped 1,200 companies ensure trading partner compatibility. The ttCERT™ platform has handled over 200,000 certification tests to date.
"In this economy, especially in our industry, companies need to see tangible, near-term ROI when they invest in enterprise software,” said Mike Johnson, CFO of TransactTools. “The flexibility, interoperability, and extensibility of our product platform make it easier for firms to see a quick return on investment, even as needs and systems change. TransactTools has positioned itself, both technologically and financially, to continue to be the gold standard for connectivity solutions."