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A Banner 2011 Keeps Tensoft's Leadership Position Intact

By Mini Swamy
TMCnet Contributor

With industry accomplishments and award winning applications, Tensoft, a revenue management and supply chain solution provider ended the year 2011 on a high note, which was reflected in the growth rate in annual billings and a solid increase in recurring revenue.

Tenesoft stated that its success in 2011 was even more remarkable given the fact that many similar businesses were losing ground in the market and were operating with reduced investments.

When the economy was down in 2009 and considered unsuitable for investment, Tensoft re-energized its web native software strategy on cloud-based offerings, according to company officials.

New customer wins that included leaders in the software, semiconductor and technology industries and strategic partnerships with leading advisory firms for the promotion of its products, characterized the year.

Tensoft Revenue Cycle Management software received the “Certified for Microsoft (News - Alert) Dynamics” accreditation and earned a gold level in the Microsoft Partner Network ERP competency. In addition, the Tensoft High Tech Dashboard product figured in the top 15 most useful add-ons worldwide for the Microsoft Dynamics GP business solution.

With the National Registry of CPE Sponsors approving of Tensoft as an educational webcast and seminar provider, it Hosted Momentum 2011, the sixth annual user conference for Tensoft

Fabless Semiconductor Management's worldwide customer base and sponsored eight CPE-eligible webcasts and training courses for software and high tech industry professionals.

The company stated that it expanded cloud-based offerings in 2011 and its cloud data center operations maintained SAS 70 certification and ISO 27001 registration.

Bob Scarborough, president and CEO at Tensoft, who spoke at the GSA (News - Alert) Semiconductor Ecosystem

summit noted that Tensoft's successful 2011 had nudged it way ahead of its competitors and the company was currently enjoying double digit SaaS (News - Alert) billings growth.