Haestad Methods celebrates the beginning of its 25th year in business by reflecting on double-digit gains in 2003 and 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.
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.
Some of the company's product launches this year have included GISConnect(TM) for CAD and GIS interoperability; HAMMER(TM) for hydraulic transient modeling; PumpMaster(R) for on-line pump selection and analysis; and Darwin(R) 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.
Source: Haestad Methods