The Swedish software company, Tacton Systems, a global provider of software for sales and product configuration, reports record earnings for fiscal 2014. With growth last year at 39 percent, the company’s revenue surged to SEK 170 million and earnings to SEK 27 million. The forecast for 2015 is strong growth with about 60 new employees. “Last year we signed several new contracts with major international companies. At the same time, we continued to intensify collaboration with existing customers. In 2014, CPQ solutions–Configure Price Quote–had its breakthrough. We notice now that advanced configuration often lies at the management level and becomes an integral part of the sales process for successful companies,” says Christer Wallberg, CEO, Tacton. In 2014 Tacton won the prestigious Export Hermes prize awarded by the Swedish Chamber of Commerce. The prize is awarded annually to companies in Sweden that can demonstrate outstanding export results. Tacton was also named a “Gazelle Company” by Dagens Industri for the third consecutive year. Last year Tacton was also designated as a “Super Company” by the Swedish business magazine, Veckans Affärer.
Expansion and 60 new employees in 2015
Tacton’s goal is to reach SEK 500 million in revenue in 2017 and the company’s recruitment rate is now about 15 people per quarter, including engineers, computer scientists and PhDs. “We see continued strong and growing demand for the products and services that Tacton offers, with an expected growth rate this year of 30 to 40 percent. The trend for 2015 is positive with a major expansion expected in both the Swedish and international markets and a continued positive trend for both sales and earnings,” says Christer Wallberg, CEO, Tacton. “The latest trend for large manufacturing companies is to buy complete solutions from Tacton covering all of the customer’s products. This means that projects have become much larger and that each major international customer project often involves over 30 specialists from Tacton,” says Christer Wallberg, CEO, Tacton.
Key financial figures 2014
In 2014 Tacton had revenues of SEK 170 million, representing a growth rate of 39 percent over the previous year. Operating profit increased by 150 percent to SEK 27 million. By comparison, Tacton’s average growth over the past four years has been higher than 30 percent.