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VFA Completes Record-Setting Year Marked by Strong Growth and New Customer Acquisition
With Sales Growth of 70 Percent and More Than 30 New Customers, Facilities Capital Planning Leader Poised for Continued Success in 2006
Boston, MA - January 30, 2006 - VFA®, Inc., the leading provider of software and services for facilities asset management and capital planning, today highlighted its significant achievements for 2005. The Company’s total sales grew more than 70 percent from the previous year, to $23 million. In addition to expanding relationships with many existing customers, the Company grew its client base substantially, adding more than 30 new accounts. To support its growth, VFA increased its staff by 30 percent.
"By all measures, 2005 was an exceptional year for VFA,” said VFA President and CEO Jerry Kokos. “We experienced particularly strong sales growth in the government and healthcare sectors, as well as deeper penetration into the corporate market."
Some of the new customers VFA added in 2005 include Amgen, Corning, Wachovia, the U.S. Food & Drug Administration (FDA), and Georgetown University Law Center. VFA also increased sales among many existing clients, including the state governments of Louisiana, Missouri and Virginia, and federal agencies such as the U.S. Army Medical Command and the U.S. Navy Bureau of Medicine and Surgery. Among educational clients, VFA increased its business with the University of Illinois and numerous state and county school systems. In the healthcare sector, organizations such as the National Institutes of Health (NIH), Beth Israel Deaconess Medical Center and the British Columbia Ministry of Health continued to turn to VFA for assistance in managing facilities asset data, optimally allocating maintenance and renewal budgets, and developing long-term capital plans.
VFA.facility®, the company’s Web-based capital asset planning and management software, was named one of the top 100 products by Buildings magazine. Recognized for the widening adoption of VFA.facility, VFA moved up 83 places to #387 in the Software 500, Software Magazine’s list of the world’s foremost software providers. VFA also received the Governor’s Entrepreneurial Spirit Award, which recognizes employers who best demonstrate the innovation that drives the Massachusetts economy and who inspire others to turn their ideas into action.
"I believe we have a great foundation for growth, and I am very optimistic about VFA’s future,” continued Kokos. “In 2006, we expect to continue to expand our market reach, and to introduce new products and services to effectively address emerging market needs. To support our growth, we plan to add more than 50 new employees this year."
About VFA
Headquartered in Boston, VFA, Inc. is the leading provider of software and services for facilities management and capital planning. VFA’s Capital Planning and Management Solution (CPMS™) uniquely combines condition assessment services, Web-based decision support software and business consulting services to enable clients to achieve their missions by optimizing investments in facilities and infrastructure. VFA helps over 275 organizations to strategically manage almost two billion square feet of real estate, including clients in education, federal, state and local government, healthcare and corporate markets. For more information, please call 800-693-3132 or visit http://www.vfa.com.
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Press Contacts
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Laura Cook
VFA, Inc.
617-451-5100
info@vfa.com
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Erik Clausen/Liz Serotte
Schwartz Communications
781-684-0770
vfa@schwartz-pr.com
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