Texada Software generated total revenues of CDN $7.7 million (about U.S. $7.8 million) in 2011 compared to CDN $4.5 million in 2010. Revenue from software was $4.5 million, essentially flat year over year as Rolls High Reach, the Ventura, Calif.-based aerial rental specialist acquired by Texada, were CND $3.2 million for the year.
“The year ended Dec. 31, 2011 marks a critical jump-off point for Texada, launching a new trajectory of growth, creation of shareholder value and improved customer satisfaction in all of our operating business units,” said Texada CEO Willie Swisher. “We are actively working on enhancing the company’s strategic and vertical integration processes. At the same time, we continue to build out our team and are working diligently on several other new business opportunities for the company.”
“With the introduction of our SaaS deployment option during 2011, we have seen steady activity with new installations within our existing verticals,” said Texada president Brian Spilak. “The extension of the company’s relationships with several key accounts and PROIV was an important milestone for our software business unit and provides unique operating leverage to continue to profitably grow our user base worldwide. We are pleased with our operating performance in 2011 and look forward to bringing new technology and functionality to the user base to further streamline their operations.”
Texada Software is based in Guelph, Ontario, Canada.