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What you need to know for 11/20/2017

Schenectady's Transfinder earns record revenue in 2016

Schenectady's Transfinder earns record revenue in 2016

Sees 9 percent increase over 2015
Schenectady's Transfinder earns record revenue in 2016
Transfinder's offices on State Street in downtown Schenectady.
Photographer: PATRICK DODSON

Schenectady-based technology developer Transfinder reported record revenue in 2016 and has an eye on more partnerships in the new year.

Antonio_Civitella_300x400.jpg

Transfinder hauled in $12.7 million in 2016, a 9 percent increase over 2015. CEO Antonio Civitella said the company also managed to bring more developers on board at the company. Moving forward, the company plans to work with municipalities and educational institutions, he said.

Transfinder already works with the city of Schenectady, and the company could partner with other towns and cities throughout the region in 2017, Civitella said.

“Our goals are to expand our products and to expand on what we learned in the education market,” he said. “The main thing is to learn from experience.”

The company is also looking at attending open houses and job fairs to attract more developers and other personnel, Civitella said.

In 2017, Civitella will continue working with the city of Schenectady on Mayor Gary McCarthy’s Smart Cities initiative, which aims to increase government efficiency and improve quality of life using technology. Civitella said he sees the possibility of having Wi-Fi downtown and finding parking through apps, but the city has to lay the infrastructure for those projects first.

“I think the next few years you’re going to see amazing technology here in Schenectady,” he said.

The Schenectady-based company develops transportation logistics software to increase the efficiency of moving people and materials, and in recent years expanded to Austin, Texas, and Shanghai, China.

Other accomplishments listed in the company’s year-end report, released last week, include:

—20 percent growth in new sales

—173 new clients

—First partner in the Middle East, Dubai Technologies

—Launched Viewfinder, which allows users to monitor day-to-day transportation operations.

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