Record Year For TRADITION SOFTWARE
TRADITION SOFTWARE, the leading provider of lien software solutions to the US construction industry, announced a record year of results, as the company reported record revenues, GAAP Net Income and EBITDA.
“2006 was a year of strong growth for the company, as our team of employees worked together to increase dramatically the number of new customers and subscriptions” said Craig Altman, Founder/President of TRADITION SOFTWARE, INC. “Sales agreements were also reached with WALZ POSTAL SOLUTIONS and PETTIT MANIFOLD FORMS to resell their respective Certified Mail postal solutions. We are also proud of the new technology and improvements that were implemented successfully in our flagship software product, PreLien2Lien.”
TRADITION SOFTWARE’s financial health was helped by an 80% increase in new customer sales, a 71% increase in revenue from Annual Subscribers to PreLien2Lien and a 30% reduction in long term debt. New customers were gained from a variety of US construction contractors and subcontractors across the country.
The hiring and subsequent promotion of Miriam Liskin as Software Development Manager has resulted in the successful implementation of new technology purchased by the company for PreLien2Lien in 2006. This includes new installation, database and printing technology which improves PreLien2Lien. “PreLien2Lien is an excellent product which has served thousands of companies since 1999,” according to Craig Altman. “Since most of the PreLien2Lien’s software technology was at least ten years old, it was time we invest money and company resources in an upgrade in technology.”
The company also produced a successful redesign of its new online store, TraditionInk.com. In its first full year of accepting orders, TraditionInk.com contributed 14% of the gross revenue to Tradition Software’s quarterly revenue.
About TRADITION SOFTWARE
TRADITION SOFTWARE, INC. was founded in March 2005 by its Founder and President, Craig Altman. In April 2005 the company purchased the software and customer assets of SIERRA PHOENIX. TRADITION SOFTWARE offers the leading lien management software solution, PreLien2Lien, to contractors and subcontractors in the US construction industry.
In September 2005, TraditionInk.com was formed as a new Division, offering businesses and consumers name brand and compatible replacement ink supplies at 10% – 60% less than traditional office supply retailers.
TRADITION SOFTWARE’s headquarters is in Citrus Heights, CA, just north of the state capital in Sacramento. The mission of the company is to provide construction companies and small businesses with productive software, quality ink supplies, knowledgeable technical support and services that produce results. Every time you work with us, you will immediately appreciate that we are nice people that you can trust your business to work with.