Passageways Touts 2011 Record
Passageways LLC of West Lafayette, Ind., said it made 127 portal sales in 2011 and signed its 300th enterprise customer.
The company said it also notched its ninth-straight year of growth and record revenue since it was launched as an intranet portal CUSO of Purdue Federal Credit Union (then Purdue Employees FCU) in 2003.
Board and compliance solutions saw a 400% increase in revenue in 2011 over 2010, said Paroon Chadha, the company’s co-founder and vice president. New verticals also were entered, including healthcare, insurance, entertainment and education, he said.
“We have exceeded our revenue goals for 2011 and are confident in our pipeline going into 2012,” Chadha said.