Vurv today announced it has once again extended its record of continuous quarterly growth. The company reported that for the quarter ending October 31, the companyís recurring revenues increased 63%. This marks the 36th consecutive quarter that company has increased revenues.
The company experienced continued demand for its core recruitment product, as well as strong sales for its performance and compensation management solutions during the quarter. Vurv welcomed 17 new enterprise customers, including 5 accounts that licensed two or more products. New customers include transportation giant Amtrak, high-tech firms VeriFone and DoubleClick and Haworth, a leading global manufacturer of office furniture and architectural interior products. Vurv also strengthened its position in the fast expanding healthcare field with new clients Munroe Regional Health Systems and Alexian Brothers Hospital Network. The company also had a 99% customer renewal rate during the quarter.
During its third quarter, the company launched Vurv Express and Vurv Now, designed to address the needs of small and medium-sized businesses. The enhanced product offerings have been well-received, as the Vurv Express team signed 76 new client contracts during the quarter. For more information on Vurv Express and Vurv Now, please visit www.vurvexpress.com and www.vurv.com/now.
Vurv has earned numerous national awards throughout the quarter. Vurv ranked 189 on Deloitteís 2006 Technology Fast 500, a list of the fastest growing technology, media, telecommunications and life sciences companies in North America, moving up from 206 on the 2005 list. In addition to ranking 282 on Software Magazineís Software 500 list, Vurv also placed in the Top 10 in two categories: Companies in the $30-100 Million Revenue Category and Overall Software 500 Growth 2004-05. Further validation came from ranking 197 on Inc. Magazineís 2006 Inc. 500 list of the fastest-growing private companies in the U.S.
ìSince introducing our first Web-based product in 1998, weíve earned a 99% client retention rate, which reflects our intense commitment to customer satisfaction,î said Derek Mercer, CEO of Vurv. ìIn an increasingly competitive and global marketplace where companies of all sizes seek an edge and level of attention they need to ensure their success, the need and opportunities for Vurv will only continue to grow.î
Vurv Announces Record Results for Third Quarter
Welcomes 17 New Enterprise Customers and Signs 76 New Accounts for Vurv Express
