PITTSBURGH, July 22, 2010 — Despite the worst economic downturn since the Great Depression, TeleTracking Technologies (www.teletracking.com) today announced the best sales quarter in its 20-year history, with an increase of nearly 122 percent in booked contracts to hospital clients over the previous quarter.
In the second quarter of 2010, TeleTracking, a producer of software that helps hospitals alleviate overcrowding, licensed more automated patient flow solutions than it licensed in all of 2009. Year-to-year, bookings were up 242 percent and 214 percent for the quarter and six-month period ended June 30, 2010, respectively.
Anthony Sanzo, TeleTracking CEO, said the growth was driven by a tight capital market and the potential for healthcare reform to have negative financial impact on U.S. hospitals.
TeleTracking, which created the patient flow automation category, has experienced eight straight years of growth since 2001. Since 2003, TeleTracking’s revenues have grown at an average rate of 26 percent. The company currently has approximately 225 employees and is on an aggressive plan to add another 24 percent by year-end to keep pace with the demand for its solutions. With more than 800 hospital clients throughout the United States, Canada and the United Kingdom, TeleTracking Technologies is the clear market leader, and for the past three years, customers have rated TeleTracking first in its category, according to an annual survey by market researcher KLAS.
