e2train announces significant third quarter growth
Learning and Performance software and services supplier e2train has announced substantial year-on-year organic growth of 47 per cent at the close of its third quarter, ending 31 March 2010.
One of the most significant areas of expansion has been the direct sales of its Kallidus software which has shown a 93 per cent increase year on year. This has also increased demand for the company’s professional services. Other highlights include a broad increase in the demand for generic software content and a 62 per cent rise in demand for its hosting services. The latter reflects the increasing demand for Software-as-a-Service (SaaS) solutions.
Commented Managing Director Rob Caul, 'We are delighted with the company performance so far this year which easily exceeds our forecast. Part of this growth must be attributed to the launch of Kallidus 8, the latest iteration of our enterprise-wide learning and performance system. I believe this is a real validation of our strategy to provide a system combining wide ranging, end user focused functionality with a powerful management information and reporting system. Our policy of combining our software services with class leading generic e-learning content in a competitive bundled package is also proving popular with learning professionals.'
The outlook for e2train's software and services is equally encouraging with a strong pipeline for the rest of 2010. The company’s board is already forecasting a strong profit for the sixth consecutive year. Concluded Caul, 'We expect that our investment in our innovative learning and performance system, combined with our talented management team will continue this growth through to the end of year and beyond.'
In October 2009, the e2train team successfully completed a management buy-out with institutional funding being provided by WestBridge Fund Managers and RBS.