Transfinder reports 20% revenue increase in 2014

SCHENECTADY, N.Y. — Transfinder closed 2014 with $10,355,000 in revenue, up 20% from $8,605,000 in 2013, company officials said.

The new eight-figure sales milestone marked the 15th consecutive year of sustained revenue growth for Transfinder, according to the company.

Transfinder also added 160 new clients in 2014, expanded its products and services, increased its staff and announced plans to open its first satellite office outside of New York state in the first quarter of 2015. As previously reported, the new office will be located in Austin, Texas.

In 2014, Transfinder grew to more than 80 employees and expanded into new markets, including transportation solutions for adults, with projects with the Center for Disability Services, the City Mission in Schenectady and Schenectady County Community College.

The company also experienced significant growth within the K-12 market, with 65% of new business coming from districts that were utilizing a competitor’s software product, officials said.

“As districts deal with tighter and tighter budgets, it is imperative that we demonstrate to school boards and taxpayers alike that Transfinder doesn’t just provide safe routing solutions, but saves them money both in the long and short run,” said Antonio Civitella, Transfinder’s president and CEO.

The company reported additional highlights in 2014, including:

•    Being named to the Inc. 5000 as one of the fastest growing private sector companies for the eighth consecutive year.
•    Launching Transfinder University’s in-house training sessions at Transfinder headquarters.
•    Increasing community sponsorships.