Mxi Technologies Announces Strong Year-End Results Year-over-year growth exceeds expectations and further positions Mxi as market leader
News at a Glance
- Mxi realizes three-year compounded growth rate of 40 per cent.
- Growth seen across all markets – commercial, defense, and OEM.
- Continued focus on providing customer value.
Ottawa, Canada (December 15th, 2009) – Mxi Technologies, the leader in aviation maintenance management software, today announced strong year-end results. A nine per cent increase over 2008 revenues — which exceeded forecasted expectations — allowed Mxi to maintain its impressive, compounded three-year growth rate of over 40 per cent.
The results reflected steady and stable growth across all solution verticals – commercial, OEM, and defense. In addition to new opportunities, organizational revenues were strengthened by renewed commitments and new projects from existing customers. A sound customer base and a balanced revenue stream helped Mxi meet the challenges posed by the demanding market conditions of the past 18 months.
“What we have been able to accomplish over the past year stands as a testament to the sophistication of our people and our product,” says Les Hine, President and CEO, Mxi Technologies. “This will remain a key strength moving forward as we continue to build on past success by emphasizing a sound leadership strategy focused on providing value to our customers and further earning our market-leading position.”
About Mxi TechnologiesMxi Technologies provides integrated, intelligent aviation maintenance management software, bringing innovation and thought leadership to aviation organizations seeking to improve their productivity. The Mxi Maintenix® software uses a modern architecture and provides advanced capabilities such as a role-based Web browser interface, automated workflow, integration adapters, electronic signatures, and support for portable wireless devices. In addition to supplying Maintenix, Mxi provides a full range of services including Maintenix implementation, business consulting, systems integration, training, and support. For more information, please visit www.mxi.com
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