Grasp Technologies Increases Revenue 40% Year Over Q2

New Afterhours Service Added for TRAMS Clients

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Jul 26, 2011, 04:38 ET

SAN DIEGO, July 26, 2011 /PRNewswire/ -- Grasp Technologies today reported year-over-year Q2 revenue growth of more than 40%. The travel technology and data company continues to grow at an exponential pace with record client and revenue growth numbers.

Regarding the company's continued success, Dave Lukas, Vice President of Global Sales and Development explained, "We are very pleased with the success that we are seeing. Our staff is doing an excellent job at executing our strategic plans and it shows. We are energized by the new opportunities for growth and success not only in the U.S., but in emerging markets as well."

Grasp has also announced a new service for TRAMS Back Office Clients, Grasp-TRAMS Afterhours Support. This is a service to provide support to TRAMS users in the hours and weekends that TRAMS offices are closed. The service includes a variety of options from providing basic support, to backups for a client's TRAMS and Clientbase databases. There is even the ability to have the Grasp Afterhours Support Team monitor windows system logs and provide preventative maintenance.

"We have worked with TRAMS and their clients almost since TRAMS' inception," said Erik Mueller, President and CEO of Grasp Technologies. "With our team's knowledge of their software and the needs that we see of TRAMS clients in the marketplace, it made great sense for us to help fill this role." The service began in July and already has multiple clients.

Grasp continues to be a leader in global data consolidation with its unique Grasp Secure Connect™ technology. The company expects to see this side of the business continue to grow at a very fast pace alongside their core product suite.

"Right now, consolidation of data is a major focus of the travel industry," said Erik Mueller. "With Grasp Secure Connect™, we are able to gather data across multiple sources and in any format. This helps a corporation get a global view of travel spend across all of their travel management companies all at once, no matter what data source the TMC uses."

About Grasp Technologies (www.grasptechnologies.com)

Grasp Technologies are experts at helping companies worldwide know the unknowable by creating custom solutions that help them quickly adapt to constantly changing business climate and customer needs. With more than six core products and an arsenal of custom solutions, GRASP is a leading provider of data technology for the travel industry and other industries throughout the world. Erik Mueller, founder and CEO of Grasp, often says that "There is nothing we cannot do with data!" Founded in 1996, Grasp provides unmatched customer service and serves as an ongoing source of knowledge and expertise for both customers and anyone in need of data and technology support. Grasp has offices in both San Diego, CA and Columbus, OH.

SOURCE Grasp Technologies