Marvel Technologies Announces Sharply Higher Revenue
NOVI -- The Novi-based IT products and services provider Marvel Technologies Inc. reported a 72 percent increase in revenue in the first quarter ending March 31 from year-ago levels.
Revenue was up from the prior quarter by 25 percent.
Also in the first quarter the company made two announcements regarding the launch of its products.
* CompEz, an exclusive compensation planning solution for use with SAP® applications, provides add-on capabilities to the SAP ERP Human Capital Management application.
* FormsEz 1.0 solution provides SAP-certified integration with the SAP NetWeaver® technology platform. It helps customers go "green" by reducing the need and use of paper and enables enterprises to develop, manage and process electronic forms dynamically with speed and accuracy.
"We are happy with our first quarter results and are confident of achieving our goals for 2o12," said Bala Rajaraman, chief executive officer, Marvel Technologies Inc. "We will continue to focus on providing excellent services and solutions to our customers."
Marvel Technologies currently has 55 employees and is expected to hire 50 more this year. See the current job openings at www.marveltechus.com/articles/open-positions.
Marvel Technologies, founded in 2005, is a privately held, minority-owned technology company that develops and delivers professional services and products in support of SAP applications. The company is also certified by Women's Business Enterprise National Council. Marvel Technologies is an SAP software solution and technology partner in the SAP PartnerEdge program.
More information is available at www.marveltechus.com.
