McLeod Software announced it has completed its 2011 fiscal year with significant sales and revenue growth across the board over its 2010 results, which were also a record for the company.
McLeod Software’s 2011 fiscal year results included a 77% sales revenue increase for new, first time McLeod customers over 2010.
“We are really encouraged by the impressive sustained growth in our business in 2011, especially the large number of orders from first time customers,” said Tom McLeod, President and CEO of McLeod Software.
“2011 was also a year of explosive growth for our Freight Management Solutions, as we see more and more brokerage and asset-based companies stepping into the role of becoming a third party logistics provider for their customers. Many carriers and brokers now understand that in order to defend some key customer relationships, they have to take on the role of being a full service 3PL for those shippers. We expect this trend to continue as more and more transportation companies diversify in this way to serve their most important customers.”
Tom McLeod went on to explain the surge in first time customers for McLeod Software.
“A good percentage of the new deals are with asset-based carriers that postponed making investments in their information technology infrastructure during the worst years of the recession. Many of these companies chose to stick with their legacy systems for a longer than average period of time because of the economic downturn of 2008-2009, but now they are seeking the benefits and flexibility that their legacy technology could not provide. There are clear, strong competitive advantages and operating cost savings that these companies expect to reap from these investments in newer more capable systems.”
