D-Tools, Inc. announced the company’s 2006 results, citing record growth in many key areas of the company including new sales, product downloads, and personnel.
“2006 was a year of unprecedented growth for us,” said Adam Stone, president of D-Tools, Inc. “We experienced major growth in new business while increasing our market share in both the residential and commercial system integration markets, as well as adding new talent in sales, marketing, and product development. This growth will allow us to focus our efforts on building the next generation of D-Tools software and continue to deliver value to our customers.”
The company increased sales revenues 32% over the previous year, achieving record sales in the third and fourth quarters. New client acquisitions accounted for nearly half of the company’s 2006 revenues, bringing the total number of clients to well over 2500. D-Tools strengthened its leadership position in the AV/custom electronics system integration market while expanding into newer markets such as security and networking.
In the area of data, the company logged more than 18.6 million product SKU downloads to its users. D-Tools’ System Integrator™ software provides users with access to a manufacturer database of SKU data and graphics for over a hundred thousand products from more than 350 leading manufacturers. This data is used to help SI users create system designs, documentation, and project proposals.
According to Stone, key strategic integration partnerships contributed to the company’s success in 2006. Product integrations with Brother International and Tigerpaw added new capabilities to System Integrator in the areas of wire labeling and CRM, resulting in a positive influence on the business and market awareness. Additionally, participation in D-Tools Manufacturer Vantage Point (MVP) program, which provides SI customers with free product data grew by over 20%. Notable additions to the MVP program in 2006 included the D & M family of brands, Lutron Electronics, Sonic Foundry, and Planet Waves. “Our partners have played a significant role in helping us not only achieve double-digit sales growth but also in expanding our market beyond residential SI,” said Stone.
2006 also marked a record year as employee growth topped 35%, with key personnel added in the areas of development, quality assurance, training and education, sales, and marketing.