GRASP Technologies Increases Revenue 44% and Clients 42%: New Key Staff Added to Support Growing Technology Company

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Apr 01, 2011, 12:43 ET

SAN DIEGO, April 1, 2011 /PRNewswire/ -- Grasp Technologies posted another record quarter in revenues and growth for first quarter in 2011. Revenues were up more than 44% and new client growth was increased more than 42% over the same quarter in 2010.

Grasp also added key staff member David M. Lukas as VP of Global Sales and Development. Dave was a founding investor, board member and strategic advisor for multiple years at Grasp, and he now brings his experience to the Grasp team on a full-time basis. An investor, former Fortune 500 Sales Management Professional, and entrepreneur starting more than five profitable ventures, Dave brings a level of experience to the Grasp team to support continued growth well into the future.

Regarding Dave's addition as a full-time member of the Grasp team, President and CEO, Erik Mueller said, "We are excited to have Dave as a member of the Grasp family. He brings an entrepreneurial but large organizational background, as well as the strategic management experience that is needed at this time of rapid growth for Grasp. We project that in 2011, we'll double the size of the company, complete with new products rolling out and plans to further increase sales and support staff."

"We're very proud to see how the Grasp products and services make a difference for our customers in terms of saving time and money," said Dave Lukas. "The Grasp team has done a phenomenal job in managing and growing the company, so we couldn't be happier to see our hard work paying off with increased revenues and client growth. I am very confident that the company will exceed its targets for the year, and am thrilled to be a part of the future of a growing company like Grasp. "

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