Boston, August 24, 2007 – Maconomy US, leading provider of business solutions and services for professional service companies and marketing communications organizations, announced today it doubled its revenue in the first half of 2007. In its Interim Report for 1st half-year 2007 to the Copenhagen Stock Exchange, parent company Maconomy A/S attributed much of its overall growth to Maconomy US. The subsidiary more than doubled its revenue from $1.1 million to $2.6 million, maintaining profitability during a period of strategic growth.
“Maconomy US is laser-focused on the marketing communications segment of the professional services industry, and this year, we are really starting to turn a corner. Our significant growth can be attributed to some of the largest and most profitable marketing communications agencies in the country turning to Maconomy for fully integrated solutions for enterprise resource planning,” said Steen Andersen, president, Maconomy US. “As more and more of our customers realize the dramatic impact our solution has on resource allocation and overall agency profitability, Maconomy will further penetrate this market.”
About Maconomy US
Maconomy US maximizes profitability for mid to large size marketing communications agencies by providing software and services that optimize finance management, job costing, project management, business intelligence, and resource planning in one integrated ERP solution. The company is a subsidiary of Maconomy A/S, headquartered in Copenhagen, Denmark and founded in 1989. Maconomy A/S is a global provider of industry-specific business solutions for professional services companies and marketing communications organizations.