SOURCE: Hard Dollar Corporation

Hard Dollar Corporation

January 14, 2011 13:04 ET

Hard Dollar Achieves Record Growth in 2010

HD Project Cost Management Platform Builds a Standardized Project Experience, Leveraging Total Visibility Into Cost and Productivity

SCOTTSDALE, AZ--(Marketwire - January 14, 2011) -  Hard Dollar Corporation, the worldwide leader in Project Cost Management, a premium solution offering complete project cost and production visibility, today announced record growth for 2010. The company significantly increased total revenue and net profit, marking a new company record for both. 

"It was an incredible year for Hard Dollar employees, partners and customers," stated Doug Nicholas, Hard Dollar President and CEO. "We grew our license revenue by 29% thanks to significant increases across all product lines. Overall company income increased 34%, with a staff increase of 23% for the year."

Implementations on Six Continents led to Increased Business and Customer Base

Hard Dollar's success was propelled by a growing need to centralize project costs with an innovative system enabling owners and contractors to improve estimating processes, progress tracking, controls and analytic services. Hard Dollar now offers solutions for seven diverse industries, including HD for STO (Shutdown, Turnaround and Outages).

New client additions included:

  • Wild Well Control
  • BP
  • TransCanada
  • Demar Ltd
  • PSN Aberdeen
  • Transfield Services Australia
  • New West Development
  • Associated Mining Contractors
  • International Relief & Development, a major player in rebuilding Haiti

Hard Dollar serves over 800 customer companies around the globe. The Company continued to expand its Hard Dollar Authorized Reselling Partner (HARP) program by 50% in 2010. New partners have boosted product sales in both the North American and International markets.

Hard Dollar Used in Projects That Are Making a Difference

HD Project Cost Management was selected to effectively complete some of 2010's most crucial projects. Wild Well Control used HD in helping to cap the Deep Water Horizon oil leak in the Gulf of Mexico. TransCanada utilized HD with the $12 billion Keystone pipeline system that links a supply of Canadian crude oil with the largest refining markets in the United States. Additionally, in an effort to Improve U.S. energy, HD has worked with several Utilities including Excel Energy to build Smart Grids and implement wind farms. International Relief & Development, a leading NGO, selected HD to help with the reconstruction of Haiti. 

Product and Services Expand

Hard Dollar has continued to extend its platform -- HD 10.2 provided significant advancements for collaboration features including enhanced schedule integration with both Oracle Primavera P7 and Microsoft Project Server. By creating the Software as a service (SaaS) model, HD now enables customers to host their information on a web-based service.

"The most exciting news this year came from our Customers, who on average achieved a positive ROI and significant business benefits generally within 90 days of going live with their systems," Nicholas concluded.

About Hard Dollar

Founded in 1989, Hard Dollar Corporation is the world's leading provider of Project Cost Management solutions for Owners and Contractors. Hard Dollar's cost driven performance management solution, HD, centralizes project cost and productivity, resulting in side-by-side visibility of planned and actual costs for enterprise-scale capital projects. Hard Dollar customers have constructed over $1 trillion in capital projects, and HD is sold and implemented by partners around the globe. For more information on the company or its products, visit HardDollar.com

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