Satuit stepping to it

Investment CRM solutions provider Satuit Technologies has released some statistics for 2005 and 2006, showing excellent results in key areas. Billing itself as “the fastest-growing provider of customer relationship solutions for investment professional,” Satuit now has the numbers to back up this lofty claim. Most importantly, of course, are the stats showing that the firm’s recurring revenue base grew by an impressive one hundred twenty four percent; company analysts claim that 2006 could show a doubling in such revenues. Meanwhile, the Satuit account base grew by eighty-two percent in 2005, and company officials expect another jump of fifty percent in 2006. The number of Satuit users grew by sixty eight percent over the course of the year.

Satuit’s staff grew by forty percent during 2005 with plans for 2006 staff growth of thirty percent. With the announcement, Satuit reminded that four high-level positions are currently open in business development, account management, IT / infrastructure, and software development. Now that Satuit has established itself as tops in growth, newfound confidence flows in the words of its employees. “The significant growth that Satuit has, and continues to experience, is a direct reflection of the maturity on the CRM market space,” says Satuit Technologies chief executive officer Karen Maguire. “Satuit’s unique CRM product built for investment professionals, by investment professionals, has put us in the right place, at the right time, with the right product.”

Founded in 1994, Satuit Technologies, Inc. produces sales force automation (SFA) and client relationship management solutions for the professional investment market. Through the SatuitCRM system, the idea is to enable asset management and hedge fund companies to increase sales, better serve their clients, master information-intensive business relationships, and reduce costs. Satuit opened offices in the UK and expanded its US office space during the first quarter of 2006 and the firm now serves clients in thirteen countries.