Haestad Methods experiences worldwide market growth in 2003
WATERBURY, Conn., Jan. 5, 2004 -- Haestad Methods celebrates the beginning of its 25th year in business by reflecting on double-digit gains in 2003 and unsurpassed technological innovation in the water resources industry.
The company's strong financial results were fueled by the release of several new strategic products, increased software license sales across all product lines, higher renewal rates for ClientCare® maintenance contracts, record-breaking numbers of attendees at training courses, and the introduction of three new definitive textbooks.
John Haestad, President and CEO for Haestad Methods, cited the company's intensified spending in Research and Development (R&D) as one of its key drivers for market growth. "By investing heavily in R&D, Haestad Methods has once again changed the paradigm of computing in the industry and continues to enhance the bridge between modeling, mapping, and management," said Haestad.
Developments in the international markets have also contributed to the company's dramatic jump in sales. International sales have doubled over the past year as Haestad Methods won strategic accounts with some of the world's largest utilities. "With the opening of local offices in China, Australia, and Mexico, Haestad Methods is poised for another exceptional year in 2004," said Douglas Maitland, Director of International Sales for Haestad Methods.
Some of the company's most compelling product launches this year have included GISConnect™ for CAD and GIS interoperability; HAMMER™ for hydraulic transient modeling; PumpMaster® for on-line pump selection and analysis; and Darwin® Designer for optimizing water system design.
GISConnect has been reviewed by major industry journals including CAD User, Geospatial Solutions, and the GIS Monitor and has recently won the Cadalyst Editors' Wow! Award. Since its release in August, HAMMER has been widely adopted by some of the world's top consulting firms and was selected for use in a major Awwa Research Foundation (AwwaRF) study on the susceptibility of distribution systems to negative pressure transients.
"We are proud to have enjoyed 24 years of uninterrupted growth," said Niclas Ingemarsson, Executive Vice President for Haestad Methods. "But this is just the tip of the iceberg. Our 25th year will be a banner year for our customers. Their commitment and dedication to Haestad Methods will be richly rewarded with the most technologically advanced products the industry has seen."
Haestad Methods is internationally recognized as a water resources software company by top water and wastewater utilities, government agencies, engineering consulting firms, and universities.
About Haestad Methods:
Haestad Methods has been in the business of enabling engineers with technology for 25 years. The company provides more than 130,000 civil engineers in over 170 countries with hydrologic and hydraulic modeling software, services, continuing education workshops, and publications.
Haestad Methods' complete suite of engineering software products for water, stormwater, and wastewater modeling and management includes WaterGEMS®, WaterCAD®, PumpMaster™, HAMMER™, GISConnect™, Darwin®, WaterSAFE™, SewerCAD®, StormCAD®, PondPack®, FlowMaster®, CulvertMaster®, and HEC-Pack™. Haestad Methods trains thousands of engineers each year. It is duly authorized to award CEUs and PDHs and is licensed by Sandia National Laboratories to conduct RAM-W (Risk Assessment Methodology for Water Utilities) Training.
For more information, visit www.haestad.com, www.watersecurity.org, or www.civilquiz.com.