IT2 Treasury Solutions, a leading provider of treasury management software solutions to corporate treasuries and financial institutions, today announced strong continuous growth in 2008, reporting a 32% increase in revenue as well as healthy double-digit margins.
The company added 17 new clients in 2008, including Ladbrokes, SABMiller, Marriott International and Rémy Cointreau, bringing its total number of clients to more than 210 globally.
18 successful implementations were also delivered during the year, by IT2's internal team of professional experts and accredited partners. The strong customer commitment to the product was reflected in the results of IT2's annual client satisfaction survey, conducted via an independent third party, and by a record attendance at the annual User Conference.
"In a generally challenging economic climate, IT2 was able to make 2008 yet another successful year. Important achievements include our increasing success in North America, the launch of an upgraded version of the IT2 Process Library - a comprehensive set of pre-defined treasury processes supporting best practice implementation - and the launch of the IT2 Academy. Our growth stems from our dedication to helping our customers succeed by providing them with an industry-leading solution. We look forward to continued successful partnerships with our customers in 2009," commented Kevin Grant, CEO of IT2 Treasury Solutions.
"Kevin and IT2's management team continues to do a very good job at engineering sustainable growth for the company, through focusing on the delivery of best practice, fully integrated solutions and excellent client service. In the new global financial environment, the treasury function has gained increased visibility; robust systems are an essential support for effective treasury operations. With a very high level of treasury technology expertise, a diversified customer base, a global footprint and a strong balance sheet, IT2 is powerfully positioned to continue its growth into 2010 and beyond. The board looks forward to working with IT2's management team to make the most of the opportunities we see ahead." said Tommy Valther Hansen, IT2 Chairman and CapMan representative.