Satuit Announces Yearly Increases For CRM Product

Satuit Technologies, Inc. wants you to know it’s doing just fine, thank you.

Company officials have announced that the CRM vendor, which styles itself “the fastest growing provider of customer relationship management (CRM) products for investment professionals,” grew its recurring revenue base by 124% in 2005, and “is on target to double its recurring revenues in 2006.”

“The significant growth that Satuit has, and continues to experience, is a direct reflection of the maturity on the CRM market space,” thinks Karen Maguire, Chief Executive Officer of Satuit Technologies.  ”Investment Professionals are no longer willing to suffer through the use of generic CRM products that do not match their specific market needs.”

This partnership was considered by Satuit officials to be a “significant step in the advancement of SatuitCRM. By creating repeatable, best practice driven, business processes and implementing them through the Bluespring’s BPM Suite, clients will see an immediate jump in productivity and compliance to business processes.”

Company officials said the main selling point of the partnerships is that “any business process can now be automated, managed repeated and reported on, even if the process involves team members who are not typical CRM users such as legal, back office and portfolio management teams.”

The company’s account base grew by 82% in 2005 and is on target for another fifty percent in 2006, company officials say, adding that “the number of users grew by sixty eight percent, including new users added by existing accounts.”

The company’s SatuitCRM system is described by company officials as being designed for asset management and hedge fund companies.

David Sims is contributing editor for TMCnet. For more articles please visit David Sims’ columnist page.

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