{"id":1377,"date":"2006-01-19T00:00:00","date_gmt":"2006-01-19T00:00:00","guid":{"rendered":"http:\/\/otava.test\/online-technologies-corporation-achieves-record-revenue-growth-for-2005\/"},"modified":"2006-01-19T00:00:00","modified_gmt":"2006-01-19T00:00:00","slug":"online-technologies-corporation-achieves-record-revenue-growth-for-2005","status":"publish","type":"post","link":"https:\/\/www.otava.com\/blog\/online-technologies-corporation-achieves-record-revenue-growth-for-2005\/","title":{"rendered":"Online Technologies Corporation Achieves Record Revenue Growth for 2005"},"content":{"rendered":"

<\/span>Online Technologies Breaks 2004 Record with 83-Percent Revenue Growth<\/span><\/h4>\n

Ann Arbor<\/strong>, MI<\/strong>\u2014January 19, 2006<\/strong>\u2014Online Technologies Corporation<\/a> announces it achieved record growth for calendar-year 2005. Online Technologies’ sales added 42 new customers and signed 136 new contracts while OTC\u2019s acquisitions added 101 new customers for an 83-percent growth in revenue. Online Technologies Corporation experienced even higher growth rates than its record setting 2004.\u00a0 During 2005, OTC signed and trained 12 partners.<\/p>\n

\u201cThe sales and delivery team performed exceptionally well in the\u00a0fourth quarter. The sales team exceeded their pipeline projections then the delivery team exceeded their efficiency measures. We\u2019ll work to continue that momentum into 2006. The challenge will be managing the growth,\u201d said Bob Palmerton, CFO.<\/p>\n

Online Technologies Corporation\u00a0attributes much of the growth to new products and their customers\u2019 own internal growth. “Our new vCTO service, new data center and new disaster recovery services combined with growth of our early customers drove our 2005 success,\u201d said Ty Myers, vice president of sales and marketing.<\/p>\n

Online Technologies Corporation also experienced geographic expansion in 2005, gaining new customers in Cleveland and Indianapolis. \u201cAs planned, our partner program is proving to be very cost-effective at gaining business in other geographies. We\u2019ll expand that as we go forward,”\u00a0\u00a0said Myers.<\/p>\n

As a result of the growth in orders, OTC will make significant investments in its network and bandwidth. Under development is fiber-based Gigabit Internet bandwidth. This is required for extremely high bandwidth applications. \u201cThis network build out will further OTC\u2019s competitive advantage while at the same time provide a local platform for the region’s hot new Internet startups,\u201d said Yan Ness, president and CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"

Online Technologies Breaks 2004 Record with 83-Percent Revenue Growth Ann Arbor, MI\u2014January 19, 2006\u2014Online Technologies Corporation announces it achieved record growth for calendar-year 2005. Online Technologies’ sales added 42 new customers and signed 136 new contracts while OTC\u2019s acquisitions added 101 new customers for an 83-percent growth in revenue. Online Technologies Corporation experienced even higher growth rates than its record setting 2004.\u00a0 During 2005, OTC signed and trained 12 partners. \u201cThe sales and delivery team performed exceptionally well in the\u00a0fourth quarter. The sales team exceeded their pipeline projections then the delivery team exceeded their efficiency measures. We\u2019ll work to continue that momentum into 2006. The challenge will be managing the growth,\u201d said Bob Palmerton, CFO. Online Technologies Corporation\u00a0attributes much of the growth to new products and their customers\u2019 own internal growth. “Our new vCTO service, new data center and new disaster recovery services combined with growth of our early customers drove our 2005 success,\u201d said Ty Myers, vice president of sales and marketing. Online Technologies Corporation also experienced geographic expansion in 2005, gaining new customers in Cleveland and Indianapolis. \u201cAs planned, our partner program is proving to be very cost-effective at gaining business in other geographies. We\u2019ll expand that as…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"other_category":[],"class_list":["post-1377","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nOnline Technologies Corporation Achieves Record Revenue Growth for 2005 | OTAVA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.otava.com\/blog\/online-technologies-corporation-achieves-record-revenue-growth-for-2005\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Online Technologies Corporation Achieves Record Revenue Growth for 2005\" \/>\n<meta property=\"og:description\" content=\"Online Technologies Breaks 2004 Record with 83-Percent Revenue Growth Ann Arbor, MI\u2014January 19, 2006\u2014Online Technologies Corporation announces it achieved record growth for calendar-year 2005. Online Technologies’ sales added 42 new customers and signed 136 new contracts while OTC\u2019s acquisitions added 101 new customers for an 83-percent growth in revenue. Online Technologies Corporation experienced even higher growth rates than its record setting 2004.\u00a0 During 2005, OTC signed and trained 12 partners. \u201cThe sales and delivery team performed exceptionally well in the\u00a0fourth quarter. The sales team exceeded their pipeline projections then the delivery team exceeded their efficiency measures. We\u2019ll work to continue that momentum into 2006. The challenge will be managing the growth,\u201d said Bob Palmerton, CFO. Online Technologies Corporation\u00a0attributes much of the growth to new products and their customers\u2019 own internal growth. “Our new vCTO service, new data center and new disaster recovery services combined with growth of our early customers drove our 2005 success,\u201d said Ty Myers, vice president of sales and marketing. Online Technologies Corporation also experienced geographic expansion in 2005, gaining new customers in Cleveland and Indianapolis. \u201cAs planned, our partner program is proving to be very cost-effective at gaining business in other geographies. 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