Datatel Crosses $100 Million Revenue Mark in 2005; Higher Education Solutions and Services Provider Achieves 37th Consecutive Year of Profitable Operation.FAIRFAX, VA -- Datatel, Inc., a leading provider of technology solutions and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. , today announced that its 2005 consolidated revenues exceeded $108 million. The revenue total is the highest in the company's 37 consecutive years of profitable operation. Datatel also added 40 new client institutions in 2005, and reported high rates of employee satisfaction and employee retention. "Two Thousand-Five was a pivotal year for Datatel, demonstrated by company revenues eclipsing the $100 million mark," said H. Russell Griffith, Datatel chairman of the board, president, and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our strong financial performance continues to instill in·still v. To pour in drop by drop. in  stil·la tion n. confidence in Datatel's client base and the industry as a whole.
This achievement is especially gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. for our employees, who all worked especially hard last year to make sure Datatel clients received the advanced solutions and strong support they needed to carry out their mission." Other 2005 highlights include: the full merger of Datatel's wholly-owned subsidiary, LiquidMatrix Corporation; major partnership agreements with SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. (R) and Microsoft(R); and being named a "Great Place to Work" for the third consecutive time by Washingtonian magazine. Also in 2005, 88 percent of Datatel employees reported they were either "satisfied" or "very satisfied" with their jobs, based on an anonymous survey of 99.5 percent of the company's 547 employees. Datatel also attained at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. a 90 percent employee retention rate, with average employee tenure of seven years. Datatel's higher education clients span North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , with a broad base of private and public four-year institutions, and community colleges. Nearly four million students used Datatel products in 2005. About Datatel, Inc. Datatel is a leading provider of fully-integrated enterprise information management solutions for higher education. Headquartered in Fairfax, VA, the company has more than 725 client institutions throughout North America. For more than 25 years, Datatel has exclusively focused on meeting the needs of colleges and universities, helping institutions operate more efficiently so they may better serve their constituents. For more information, please visit www.datatel.com. (C) 2006 Datatel, Inc. All rights reserved. Datatel and Colleague are registered trademarks of Datatel, Inc. All other names, products, and services mentioned are the trademarks or registered trademarks of their respective companies. |
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