|By Marketwired .||
|November 8, 2012 03:00 AM EST||
WESTPORT, CT -- (Marketwire) -- 11/08/12 -- Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, has been named one of the fastest-growing companies in America by Inc. magazine, which has released its annual ranking of the Inc. 500|5000. Triple Point is one of only two companies to make this prestigious list ten times.
Triple Point has sustained its explosive growth by penetrating new markets and industries with its innovative, award-winning Commodity Management software solutions. Most recently Triple Point added coal and mineral supply chain optimization solutions to its portfolio, and significantly increased its presence in Asia Pacific, growing from 250 to over 400 employees in the region. In addition, Triple Point broke ground this year on a new Latin American headquarters in Rio de Janeiro, Brazil that will enable the company to meet rising demand for its solutions in the region.
Triple Point has repeatedly and consistently generated strong revenues and profits, with total revenue growing by more than 230% over the last five years. The company serves over 400 customers on five continents, and employs approximately 850 professionals worldwide. The accelerating, widespread adoption of Triple Point's products in new target industries and markets has resulted in five-year cumulative average growth rates (CAGR) in software license revenue and recurring revenue of 32% and 38%, respectively. As a result of strong growth in these important revenue categories, Triple Point's profits have increased 53% on average (CAGR) year-over-year during the same five-year period.
"Being honored by Inc. magazine as a member of the Inc. 500|5000 for ten years is an amazing achievement of which we're very proud," said Michael Schwartz, senior vice president, chief marketing officer, Triple Point. "It validates that the significant investments we make in our products and people pay off, and that our strategy of delivering the broadest, deepest Commodity Management solutions for every commodity class is a winning one."
About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics to optimize end-to-end commodity and energy value chains. The company provides real-time, innovative solutions to competitively address the complex and volatile commodities supply chain: buying, selling, trading, and procurement; enterprise risk management; scheduling and logistics; storage; processing; and settlement and accounting.
Triple Point's Commodity Management platform enables over 400 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries, including energy, metals, minerals, agriculture, transportation, shipping, consumer products (CP), industrial manufacturers, and big box retailers. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute in 2009, 2010, 2011, and 2012. Founded in 1993, the company employs over 800 staff in 14 offices and support centers around the globe. www.tpt.com.
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