Transfinder Reports 15% Revenue Increase in 2019

Posted on January 24, 2020

SCHENECTADY, N.Y. and AUSTIN, Texas — Transfinder closed 2019 with $16.75 million in revenue, up 15% from 2018, according to the company.

Transfinder reported in a news release that the increase in revenue marked its 22nd consecutive year of sustained revenue growth. Factors contributing to the record year included the addition of 149 new clients and an increasing number of clients turning to cloud-hosting solutions.

Today, 40% of Transfinder’s 2,000-plus clients have their data hosted on Amazon Web Services (AWS), according to the company, and 70% of all new clients have requested their data to be hosted on AWS.

“We believe this is the district’s choice as each school has its own unique needs and comfort levels,” said Antonio Civitella, Transfinder’s president and CEO. “The trend, however, is more and more districts are feeling comfortable having their data in the cloud, and we have cultivated an excellent relationship with Amazon.”

The company reported additional highlights in 2019, including:

“2019 was a very good year despite some challenging conditions,” Civitella said. “2020 will be an even better year. We are projecting a 20% revenue increase, bringing us to $20 million in 2020.”

Related Topics: routing, software systems

Comments ( 0 )
More Stories
Management class attendees took part in a leadership game called “catching a snake” with the objective of the group, or “snake” working together to fill a bucket with 10 balls. Photo courtesy Mike Vivar

Alabama District Fosters New Leaders With Management Class

Baldwin County Schools’ transportation department’s class grows current leaders and cultivates new ones by introducing attendees to other district leaders, covering different types of leadership styles and responsibilities, and emphasizing service.

Photo courtesy Getty Images by Cecilie_Arcurs

Creating a Positive Workplace Boosts Productivity

Maintaining an upbeat spirit helps to engage employees, improve performance, and increase retention, factors that enhance an organization’s image. Measures such as bonding with food and recognizing accomplishments can cultivate happiness at work.

The Federal Motor Carrier Safety Administration has issued a waiver from some regulations applicable to commercial driver’s license holders to June 30 in response to the COVID-19 pandemic. Photo courtesy Des Moines (Iowa) Public Schools

FMCSA Issues Waiver for Some CDL Deadlines

 The Federal Motor Carrier Safety Administration’s waiver postpones deadlines for some regulations applicable to CDL holders to June 30 in response to the COVID-19 pandemic.

Be the First to Know

Get the latest news and most popular articles from SBF delivered straight to your inbox. Stay on top of the school bus industry and don't miss a thing!

We respect your data and privacy.
By clicking the submit button below, you are agreeing with Bobit Business Media’s Privacy Policy and this outlined level of consent.