Published: February 03, 2010
Triple Point Technology Reports Strong Growth in 2009
Financial Results Fueled by Product Innovation and New Market Penetration

Triple Point Technology®, the leading
provider of multi-market commodity and enterprise risk management software
solutions, announced today that in 2009 it achieved record financial
results. Record revenues, profits, and software sales were fueled by the
company's continued focus on product innovation, new market penetration,
and customer satisfaction. Financial highlights reported by the company
include:
-- Total organic revenue growth of 35% year-over-year in 2009, with a 51%
growth in profits during the same period;
-- Recurring revenue growth of 55%, attributable to strong customer
retention rates and record software as a service (SaaS) sales;
-- Thirty-six enterprise software license transactions concluded, with
marquee customers added in all industries and targets exceeded in all
regions.
"In a year where enterprise software revenue declined by 5% globally, we
are particularly pleased with our record-setting results in 2009," said
Peter F. Armstrong, president and CEO, Triple Point Technology. "More
importantly, we are confident that our continued focus on product
innovation and customer satisfaction, along with the just completed and
announced acquisitions of Softmar and Enerbility, position us extremely
well for a solid 2010."
In addition to the strong financial results booked in 2009, Triple Point
also reported the following significant achievements:
-- Innovative product advancements with the launch of Commodity XL for
Emissions and the second major release of its business intelligence
solution, Management Dashboard;
-- Professional services engagements in support of 79 client projects in 19
countries and completing 22 "go-lives" of its enterprise solutions;
-- Named a 'leader' by Gartner Inc., the world's most respected IT analyst
firm, in the inaugural Magic Quadrant studies covering the Commodity
Trading and Risk Management (CTRM) and Energy Trading and Risk Management
(ETRM) markets;
-- Awarded top honors (the "Gold Award") for Excellence in Energy
Technology by Commodities Now magazine and The Energy Partnership, and
voted #1 credit risk software vendor in Energy Risk's annual software
survey;
-- Expanded presence in Europe, with new R&D and support centers in Geneva
and Vienna, and with professional staff growth of more than 75% in the
region;
-- In December, completed the acquisitions of Softmar S.A. and Enerbility
Software, expanding the company's product line to include the leading
solutions for vessel chartering and operations, freight rate risk
management, and European energy trading straight-through processing.
About Triple Point Technology
Triple Point Technology® is the leading global provider of multi-market
commodity and enterprise risk management software solutions. Triple
Point's Commodity XL profitably integrates physical and financial markets
on a real-time, service-oriented architecture (SOA) platform for
commodities including power, oil, gas, coal, emissions, base and precious
metals, agricultural products, biofuels and freight. In addition to Triple
Point's award-winning commodity and energy trading
software being used by more than 25 percent of both Global 500
commodity trading and Global 500 energy companies, other organizations with
large raw material and energy exposure, including consumer products (CP),
discrete manufacturers and big box retailers, are quickly adopting the
Triple Point solution. Named to the Deloitte Technology Fast 50 for ten
straight years, Triple Point is headquartered in Westport, Connecticut,
USA. The company was founded in 1993 and serves clients from eleven
development and support centers located around the globe. More information
is available at www.tpt.com.
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