Passageways Books Record Revenue
Passageways LLC said it recorded its ninth-straight year of growth and record revenue, notching 127 portal sales in 2011 and signing its 300th enterprise customer.
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.
The company was launched as an intranet portal CUSO of Purdue Federal Credit Union (then Purdue Employees FCU) in 2003.
“We have exceeded our revenue goals for 2011 and are confident in our pipeline going into 2012,” Chadha said.