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Rolls Acquisition Fuels Texada Revenue Jump

GUELPH, Ontario — Texada Software posted a 79-percent revenue increase for the third quarter ended Sept. 30, with the additional income provided by its recently acquired acquisition of Rolls High Reach the primary source of the increase. Revenue for the quarter was CDN $1.88 million (about U.S. $1.85 million) compared with CDN $1.05 million for the year-ago quarter. For the first nine months of 2011, Texada's revenue was CDN $4.18 million, compared with $3.37 a year ago, a 24-percent jump.

After the quarter's end, Texada entered into a multi-year extension of its licensing arrangement with PROIV Technology Inc., its long-standing software development tools provider, demonstrating the company's intent to remain an important provider of enterprise asset management software.

“We are very excited to have completed the Rolls acquisition in the third quarter and are actively pursuing other opportunities to continue to develop and grow the company's equipment rental platform,” said Willie Swisher, Texada CEO. “We are pleased with the one month of operating results for Rolls, which are included in our third quarter and are actively working on enhancing the equipment rental business strategy and processes for Texada. At the same time, we are working diligently to identify the next transaction to enable us to continue to execute on our growth strategy.”

Texada Software is based in Guelph, Ontario, Canada. Four-location Rolls High Reach, No. 88 on the RER 100, is based in Ventura, Calif.

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