Vurv Reports 63 Percent Jump in Revenue
The privately held company has grown revenue for 36 straight quarters and, in the latest period, won the business of several large accounts, including Amtrak and high-tech firms VeriFone and DoubleClick.
December 7, 2006
Vurv Reports 63 Percent Jump in Revenue
Workforce management software company Vurv Technology
reported Thursday, December 7, that its revenue increased 63 percent in the
third quarter. The company attributed the gain to growing demand among large
employers for its management software.
The privately held company, which said it has posted revenue
gains for 36 straight quarters but would not disclose its numbers, won the
business of several large accounts during the most recent quarter, including
Amtrak and high-tech firms VeriFone and DoubleClick. Vurv is among the
fastest-growing technology companies, ranking 197 on Inc.United
States.
The quarterly report came less than a month after workforce
management software company Taleo announced a number of new customers in its
third-quarter results, which it made public during its quarterly filings
November 13. The publicly traded company’s newest clients include the Gallup
Organization and MySQL. That new business helped Taleo increase its quarterly
revenue to $24.9 million, up 25 percent compared with a year earlier. The
increased revenue helped the company narrow its third-quarter net loss to
$800,000 in 2006 from $1.6 million in 2005.
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