Atlanta, Georgia, Thursday, June 12, 2014. EPI-USE Labs announced the completion of a record fiscal year. For the fiscal year ending February 28, 2014, EPI-USE Labs achieved record growth in the number of new software clients, revenue and net income.
Revenue for the fiscal year was up 34% over the prior year - continuing a strong trend of uninterrupted growth since inception. It also continues an uninterrupted string of years in which the company has operated at a profit.
“I am thrilled with the continued growth that we are experiencing,” said Phillip Stofberg, CEO of EPI-USE Labs. “What is most satisfying, however, is the record number of existing clients that keep coming back for more of our products - especially for additional SAP modules, such as BW. They have experienced, first hand, the efficiency gains and cost savings that our products deliver. This is a testament to the quality of our products, the quality of our people and our unwavering dedication to the success of our clients.”
EPI-USE Labs funnels a substantial percentage of its revenue toward research and development. Its 100% in-house development centers in the US, South Africa and Germany are staffed with world-class SAP Development teams. As a result, their offerings have grown to include not just their well-known Data Sync Manager and portfolio of HCM products, but also new turnkey offerings such as System Landscape Optimization (SLO)/Landscape Transformation (LT) services, cloud offerings, Solutions-as-a-Service (SaaS), and cloud migration services.
“Due to the challenging socio-economic landscape in which we operate, we have witnessed continued consolidation of the solution providers in our market,” stated Charles Wheeler, EVP for Global Sales and Services of EPI-USE Labs. “One of our smaller competitors was just acquired by another company that itself is just a fraction of our company’s size. We are increasing our ‘footprint’ in the market by winning competitive deals, and even replacing our competitor’s products in a record number of accounts. Every single one of our five global regions had their best year ever. We are entering this new fiscal year with more opportunity and an even larger team!”
About EPI-USE Labs
Over the last thirty years, our innovative products and services have helped companies across the globe discover the radical difference our solutions can make in their day-to-day operations. We lower costs, while increasing performance and quality, for many of the largest companies in the world by efficiently managing, securing, and even transforming, their non-production SAP landscapes. These solutions, coupled with our reporting, variance monitoring, custom programming, hosting and migration solutions, enable our customers to meet the many challenges of today while preparing them for the strategic opportunities of tomorrow.