Friday, April 24, 2009

Troux Technologies Claims Record Quarter

Austin-based Troux Technologies, which develops it planning and control software, said earlier this week that it is benefiting from the current economic environment, and saw a "record" quarter. The privately held firm did not disclose actual financials, but claimed that it has seen over 400% growth in its revenues since 2006. Specific growth for the quarter was not announced. The firm said that the demand for its software comes from IT departments, who are using its software for strategic cost restructuring and business change initiatives. Troux is venture backed by Austin Ventures, Eqvitec Partners, Four Seasons Venture, Greylock Partners, Pinnacle Ventures and Verdane Capital.