Tuesday, January 22, 2013

MaintenanceNet Reports Record Year

Carlsbad-based MaintenanceNet, the developer of software-as-a-service used for managing service contracts and service quotes for manufacturers and others, reported today that it has had a record year. The firm said it had year-over-year revenue growth of nearly 115 percent worldwide, and increased its staff by 60 percent. The firm did not disclose actual financials, but did say its platform was used to generate more than $2.3 billion in service contracts for its customers. MaintenanceNet's software is used to help its clients increase the rate of renewals on service contracts, and automate the process of service contract quoting. The firm is headed by Scott Herron.

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