ESP Reports Record Revenues and Growth for 2007
Mountain View, CA, February 7, 2008 – ESP, the California-based provider of information solutions to support corporate sustainability, announced today that it finished 2007 with strong revenue growth fueled by the increasing global demand for its offerings, particularly in the area of enterprise greenhouse information management. The company finished the year with 38% revenue growth over 2006 revenue figures. This represents a strong increase over ESP’s average annual revenue growth of 20% during the prior four years. ESP also continued an overall trend of profitability since its inception, recording strong profits in 2007. In addition, the company saw significant expansion in the use of its solutions to more than sixty countries.
The privately-held company attributes its impressive 2007 performance to a growing recognition among Fortune 1000 companies that corporate sustainability necessitates more than just the preparation of an annual sustainability report. Rather, sustainable operation means proactively managing and optimizing EHS performance at all times, across all areas of the company. Using ESP’s information solutions to monitor progress toward targets and support operations decisions, companies can significantly improve their global EHS performance. These capabilities are the underpinning of a company’s ability to successfully navigate the challenges presented by issues such as global warming and greenhouse gas emissions trading. As new emissions trading programs come online around the world, there are significant financial implications for a company’s emissions performance. ESP is the only company in the world with information solutions spanning from emissions determination and forecasting to allowance and credit portfolio management and registry reconciliation. This has made ESP well-positioned to capitalize on the emerging needs of companies around the globe.
“2007 was an exciting year to be in the sustainability information solutions business,” said Alex Long, President and co-founder of ESP. “Our strong revenue growth indicates that sustainability performance is increasingly viewed as central to a company’s operations. Along with this, companies are finding they need systems which put all of their performance data at their fingertips, to support operations decisions at any level of the company. We’ve found ourselves well-placed to meet this need, with solutions which have been in use for more than fifteen years, and have evolved along with the needs of the customers who have been actively using them.”
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About ESP ESP provides information solutions which help companies understand and meet their corporate-wide environmental and sustainability commitments. Since 1992, ESP solutions have been helping companies track and manage global corporate sustainability programs, from emissions trading to EHS performance. ESP technology is currently used to support sustainability performance in tens of thousands of facilities, spanning sixty countries. It is also widely used to address both the compliance and financial aspects of companies’ emissions allowance and credit portfolios. ESP is a Microsoft Certified Gold Partner. For more information about ESP, please visit www.esp-net.com.
ESP Media Contact Rebecca Morris Ph: 650-968-9000 ext. 232 E-mail: rebecca.morris@esp-net.com |
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