Troux Posts Record-Breaking Q1 Results
AUSTIN, Texas, April 15 /PRNewswire/ -- Troux Technologies today announced record Q1 revenue for the period ending March 31, 2008. The company posted more than 40 percent growth from Q1 2007, demonstrating growing global market acceptance of the company's breakthrough Strategic IT Planning software that drives greater IT economies of scale, increases speed and accuracy of planning cycles, and minimizes risks associated with business and IT transformation initiatives.
AUSTIN, Texas, April 15 /PRNewswire/ — Troux Technologies today announced record Q1 revenue for the period ending March 31, 2008. The company posted more than 40 percent growth from Q1 2007, demonstrating growing global market acceptance of the company's breakthrough Strategic IT Planning software that drives greater IT economies of scale, increases speed and accuracy of planning cycles, and minimizes risks associated with business and IT transformation initiatives.
"We are delighted to announce this record quarter, and equally gratified by the significant growth of interest from new customers — last quarter, new opportunities in our pipeline expanded by more than 50 percent," said David Hood, Troux's CEO. "These results prove that the market is quickly maturing beyond the stage of relying on point tools and departmental-level solutions to execute enterprise business transformations. In addition to a number of new global accounts, more and more existing customers are increasing their investment in Troux, underscoring our keen focus on operational excellence worldwide."
Troux completed transactions with more than 40 new and existing companies around the world in Q1, including: Caterpillar, (USA), National Prosecuting Authority (South Africa), Seco Tools (Sweden) and Vocalink (United Kingdom).
Q1 also marked the release of Troux 7.1 with new out-of-the box support to accelerate specific transformations — including application consolidation, application reduction, SOA investment planning, IT simplification, IT standards management, outsourcing and infrastructure consolidation. Troux 7.1 also achieved TOGAF certification from the Open Group.
Find out more about Troux 7.1 at http://www.troux.com/products/
Troux Technologies provides the largest Global 2000 enterprises and governments with strategic IT planning software that helps their IT departments to keep pace with increased business change without adding operational risk. Troux's breakthrough strategic IT planning software unlocks the power of Enterprise Architecture to provide IT leaders with instant access to reliable intelligence, better insight into complex interdependencies and comprehensive impact analysis through scenario planning. As a result, IT teams can accelerate and scale business change initiatives, with faster and more informed decisions, expertly executed initiatives and unprecedented accountability to the business. Troux's customers and partners include: Accenture, AstraZeneca, Barclays Bank, Disney, Department of Homeland Security, Fiducia, Los Alamos National Laboratory, GMAC, Vocalink and Vodafone.
To learn more visit http://www.troux.com. For further information, please contact: Jason Deal Lois Paul & Partners 512-638-5303 Jason_deal@lpp.com
SOURCE Troux Technologies