Transfinder Reaches $23M Revenue Record for 2021

Transfinder Corporation extended its year-over-year streak of revenue growth to 24 years, closing 2021 with $23.3 million in revenue, up 23 percent from $18.9 million recorded in 2020.

Transfinder, which provides school bus routing and other logistics solutions to school districts throughout North America, also signed on 201 school districts as clients - a new record for the 34-year-old company.

Key to the company’s successful 2021 results was the number of new clients purchasing Routefinder PLUS, Transfinder’s award-winning browser-based routing solution which was released in 2020. Existing clients also upgraded to PLUS, which allows district personnel to work remotely and quickly adapt to changing bussing requirements caused by COVID-19 as well as driver shortages.

In its first full year on the market, Routefinder PLUS was used to create 10.2 million miles of routes, the equivalent of more than 4,000 trips across the United States.

“This didn’t happen overnight. 2021 is the culmination of many years of planning and investing in our technology, our ever-growing team and, frankly, our clients,” said Transfinder President and CEO Antonio Civitella.

“The fact is, we have our finger on the pulse of the industry because we are listening to school officials throughout North America. Transfinder is viewed in the industry not as a vendor but a trusted and reliable partner and adviser with solutions designed specifically to solve problems schools face. We are in it for the long haul with our clients and they know that.”

Civitella added: “We truly know what schools contend with, what their pain points are, what their needs are and even what their wish list looks like. We work tirelessly to not just solve their problems but help them excel in serving their communities that rely on them to transport students safely. That’s our mission and because of that, there is no throttling back in 2022. The stakes are too high.”

Transfinder’s parent app, Stopfinder, which allows parents to track their child’s bus in real-time as well as have two-way communication with district officials, continued to gain traction. In the past six months Stopfinder notified parents of their child’s bus location 3.5 million times.

To meet the growing needs and expectations of the industry, Transfinder continued to add team members in all departments, with 23 new employees joining the company in 2021.

“We have been in hiring mode for years and years, but we are extremely selective in those we bring on because of the uniqueness of our mission,” Civitella said, adding the company received 1,536 resumes, up about 8 percent from the previous year. “We have a tremendous culture which we need to constantly cultivate and protect.”

Transfinder has been a remote company beginning on March 13, 2020 and since that time has added employees from across the country, as well as in New York’s Capital Region, where it is based, and also in Austin, Texas, where it has a satellite office.