In a Difficult Year for Most Technology Vendors, Demand for Hard Dollar’s Cost Estimating Software and Project Management Software Grows!
Tempe, Arizona – (January 24, 2002) – Hard Dollar Corporation, the leading provider of integrated cost estimating software and project management systems for the infrastructure construction industry, announces that it has exceeded its 2001 revenue target, and achieved a year-over-year revenue increase of 38 percent. In addition, the company announces a new strategic alliance with a major heavy construction equipment manufacturer, which also made a $2 million investment in Hard Dollar. The two companies will provide full details on the alliance at a press conference to be held at the upcoming ConExpo trade show in Las Vegas.
Said Grant Lungren, Hard Dollar’s president and CEO, “The continued high demand for our offerings by infrastructure contractors of all sizes and work-types confirms the market’s appetite for real solutions that provide real benefits. Our strategy of offering both desktop-based and web-based systems positions us well for continued growth in both the short and long term.”
The company has recently complemented its PC-based bidding and building applications – market leaders for nearly a decade – with new web-based information services that provide infrastructure contractors with a genuine competitive edge. The next milestone in the company’s multi-phase plan is the release of new versions of its flagship bidding and building software, to be called Hard Dollar BID and Hard Dollar BUILD. They will employ proven, leading-edge technology and be capable of running from the desktop, from a local network, or directly from the web.
“We’re pleased that our company’s strengths have been recognized by both our customers and by the financial community,” said Kent Shoot, Hard Dollar’s CFO. “In a year that saw many construction technology vendors go bankrupt, Hard Dollar has broken from the pack and distinguished itself by significantly increasing revenues, and by attracting not one, but two, rounds of investment.” In addition to its latest round of funding, Hard Dollar previously raised $12 million of venture capital in May 2001.
Media Contact
Hard Dollar Corporation
Ron Babich
VP of Marketing
(480) 776-2934
PR@harddollar.com
Tags: Cost Estimating, Estimating Software, Infrastructure Construction, Project Management
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