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Marvel Technologies Posts Third Quarter 2012 Financial Results

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Marvel Technologies
(credit: istock) Technology Report
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NOVI — Marvel Technologies Inc., provider of IT products and services, last week  announced its financial results for the third quarter ending Sept. 30. Total revenue for the quarter increased 13 percent from the prior quarter. The year-over-year growth figure was 58 percent.

A private company, Marvel Technologies does not release dollar values for its revenue and profitability figures.

Marvel was named to the 2012 Inc. 500-5,000 list of the fastest-growing private companies in America. Inc. ranked Marvel Technologies at No. 2186 on the list. It is ranked at No. 31 in Top Companies in the Detroit Metro Area and at No. 309 in the IT Services industry lists. The company earned its ranking with a three-year revenue growth of 117 percent.

“We are happy with the third quarter results,” said Bala Rajaraman, CEO officer, Marvel Technologies. “We continue to look for opportunities to serve our customers and prospects by expanding service offerings and enhancing the capabilities of our products, CompEz and FormsEz.”

Marvel Technologies is always looking for qualified talents to fulfill several open positions. See the current job openings at www.marveltechus.com. The company currently has 55 employees.

Marvel Technologies, founded in 2006 and based in Novi, Mich., is a privately held, minority-owned technology company that develops and delivers professional services and solutions in support of SAP applications. The company is also certified by Women’s Business Enterprise National Council. It is an SAP software solution and technology partner in the SAP PartnerEdge program and a SuccessConsulting partner with SuccessFactors, an SAP company. The company’s solutions complement and further enhance SAP solutions by focusing on increasing efficiencies and maximizing profits for customers.

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