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Press Release |
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Tenrox, The Enterprise Optimization Company, Is Expecting Record Financial Results For Its Fiscal 2002t Tenrox's main market for its Enterprise Optimization Solutions is the US and Europe. Despite a noticeable slowdown in general business activity that occurred in the last 18 months, Tenrox has experienced record revenues in its fiscal 2002 (year end of July 31st). This is due to the fact that its enterprise optimization products are a great investment for customers and provide a rapid ROI regardless of the general economic trends. Some of the new customers who joined the Tenrox family in the first half of the year: Hydro Quebec, Gaz Metropolitan, Ultramar, Royal London, Cole National, Fujitsu-Seimens. “In these tough economic times, companies want to get the most out of every IT dollar. It is very hard to justify the big ticket costs, multi year implementation, and never achieved ROIs of large software implementations,” said Rudolf Melik, President and CEO, Tenrox. “We deliver measurable returns and great software today. It is easy to justify an investment in Tenrox since the cost is recovered through substantial savings, on average, in less than 6 to 8 months.” Tenrox believes that remaining financially strong is in the best interest of its customers, suppliers and employees. The company continues to make substantial investments in further R&D, consulting services and customer care. “We have been able to grow our revenues by 40% while maintaining tight control on our cost structure” explained Ara Israilian, COO, Tenrox. “For the last seven years, through some very turbulent times, Tenrox has proven to be a reliable and capable partner for its customers and employees. We will do our outmost to deliver substantially better products, with fast returns, and at very competitive prices.” About Tenrox Tenrox empowers client companies to meet the challenges of globalization, enterprise fragmentation and increased regulatory scrutiny. Available on-demand or on-premises, Tenrox solutions have served more than 800 organizations in 50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as Rio Tinto Alcan, E*TRADE Securities , First National Bank, Visa, Hydro Quebec, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, US Army, The Pentagon, Talisman Energy, University of Michigan, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information about the company or its award-winning family of products, go to www.tenrox.com. Media Contact:
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