Vurv Reports 63 Percent Jump in Revenue

By Staff Report

Dec. 7, 2006

Workforce management software company Vurv Technology reported Thursday, December 7, that its revenue increased 63 percent in the third quarter. The company attributed the gain to growing demand among large employers for its management software.

The privately held company, which said it has posted revenue gains for 36 straight quarters but would not disclose its numbers, won the business of several large accounts during the most recent quarter, including Amtrak and high-tech firms VeriFone and DoubleClick. Vurv is among the fastest-growing technology companies, ranking 197 on Inc.United States.

The quarterly report came less than a month after workforce management software company Taleo announced a number of new customers in its third-quarter results, which it made public during its quarterly filings November 13. The publicly traded company’s newest clients include the Gallup Organization and MySQL. That new business helped Taleo increase its quarterly revenue to $24.9 million, up 25 percent compared with a year earlier. The increased revenue helped the company narrow its third-quarter net loss to $800,000 in 2006 from $1.6 million in 2005.

Jeremy Smerd

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