1.877.LAVANTE
Lavante Sets Company Record with Q2 2010 Revenue
20 Jul 2010
Expansion and growth continue as company relocates to larger facility
San Jose, Calif. – July 20, 2010 – Lavante, the leading provider of on demand recovery auditing and supplier information management (SIM) software and services, today announced record company growth for the second quarter of 2010.
Lavante’s Q2 2010 revenues jumped 89% over Q2 2009 while year-to-date revenue grew 79% from the same period in 2009. Contributing to the record top line numbers were increases in all dimensions of growth including number of new contracts, contract sizes, production in existing accounts, as well as an expansion of Lavante’s service offerings.
Record results come as Lavante continues a progressive launch of an on-demand supplier management product suite that enables Fortune 1000 companies to consistently and effectively engage with their suppliers to unlock trapped working capital while keeping vital supplier data up to date. Leveraging Lavante Connect, the underlying platform that has catapulted Lavante into a top tier recovery provider, the new suite of SIM products will present a method for corporations to drive communication and compliance throughout their entire supplier population for supplier engagement and data quality improvement.
The company also announced the relocation of its corporate headquarters to 6800 Santa Teresa Boulevard, Suite 200, San Jose. The new larger facility supports the company’s growth and continued expansion throughout all departments.
Quotes
Joe Flynn, Founder and CEO, Lavante
“Lavante’s products and value proposition are being well received in the market, as evidenced by our continued growth. The combination of cash recoveries and our latest supplier management software is a winning, and cost effective, combination.”
Related Links
Lavante Welcomes Angela Bandlow as Chief Marketing Officer
Recovery Audit Technology Leader Lavante Continues Record Growth
Recovery Audit Technology Leader Lavante Achieves Third Year of Record Growth
About Lavante
Lavante is the leading provider of on demand recovery auditing and supplier information management (SIM) software and services, helping Fortune 1000 companies enhance cash flow, productivity and compliance. Lavante’s SIM software automates the collection and validation of supplier information and certifications, including a solution for Tax Identification Numbers (TINs) and W9s to facilitate compliance with new 1099 reporting changes. Lavante’s Profit Recovery solution leverages updated supplier information to maximize cash recoveries throughout the entire supplier population. Delivered on-demand, Lavante’s products present an immediate ROI while providing real-time visibility into supplier information and recovery analysis. For more information, visit www.lavante.com. Follow us on Twitter at www.twitter.com/lavanteinc.
Contact Information
Tom Flynn
Lavante, Inc.
800.893.0043
tom.flynn[at]lavante.com
