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TITAN Technology Partners Achieves 70% Revenue Growth and Record Earnings in First Half of 2005
CHARLOTTE, NC - (July 31, 2005) – TITAN Technology Partners today announced that it achieved record first half 2005 performance with 70% revenue growth over the same period in 2004 while reporting record earnings. TITAN also reports landing significant contracts with a dozen new, mid-market firms across all practices areas and regions.
“It has been an extraordinary six months at TITAN. Thus far in 2005, we are achieving or exceeding all of our objectives” said TITAN CEO Michael Vadini, “We have added two new, substantial practices in Professional and Managed Services (OASIS via acquisition which was completed in May) and SAP (through organic growth). In doing so, we have set the stage to diversify our lines of business, broaden our targets, and capitalize in the industry consolidation among the largest software vendors in our industry.”
Vadini added, “Going forward, we will continuously explore new opportunities for acquisition based growth as our client opportunities show increased demand for a mid-market provider with all of our capabilities – from strategy to outsourcing to hosted solutions. We seek to emerge as the leading provider of outsourced business systems to the midmarket firms and grow into a national practice. Above all, we are attracting the very best people. In doing so, we are confident that we will create extraordinary enterprise value for shareholders.”
About TITAN Technology Partners:
Headquartered in Charlotte, North Carolina, TITAN Technology Partners is a provider of ERP hosted solutions, managed services and IT outsourcing.
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