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CDS Software Completes Stellar Fiscal Year
Simi Valley, CA (June 9, 2008) – CDS Software announced today that it ended its fiscal year at 130% of its revenue goals. Capping of what the company termed a stellar fiscal year. The company saw better than expected growth in new client acquisitions, driven by its flagship debt collection software CollectOne.
“New client acquisition was 40% greater than last fiscal year. We feel an increased effort to communicate the reliability and tradition of the CollectOne brand was the key factor. CollectOne has been a leading edge debt collection software suite for almost 40 years and we needed to do a better job of reminding the collection industry of that,” said Mark Bergmann, Vice President, Sales and Marketing.
The company projects the economic environment will have a positive effect on operations as the market looks for partners that can help them improve efficiencies. “Leveraging our industry experience to help our clients make the right technology decisions really adds value to our client relationships. Especially at a time where placements may be on the rise, but liquidation rates continue to fall. Clients want more than a software vendor, they want a partner they can trust and we provide them that,” said Bergmann.
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