Having dramatically improved its financial position in the last year, Computron Software Inc is to relaunch the company in a bid to return to profitability. The Rutherford, New Jersey provider of client server business applications will re-present itself to customers and try to raise its profile, centering around knowledge management. The 20-year-old company reported a net loss for the year to December 1997 of $13.6m from a loss of $31.8m at the same time the previous year. Revenue grew 24.3% to $67.6m (CI No 3,339). Computron, which employs 500 staff is extremely pleased by its performance and is predicting next year the company will turn in a profit. ComputronÆs marketing and alliance director Guy Tarring says the company has been able to change direction owing to new president and chief executive officer John Rade, who came on board around 10 months ago. Tarring explains Computron had been lacking structure until Rade – who used to work at Power Interactive – which provided Computron with one of its tools – started work. RadeÆs main emphasis was and still is, to cut costs. Redundancies were made and operating expenses chopped by 18% for the year. The company’s core business is financial accounting software, but the relaunch will see it focusing around knowledge management, while there will also be a concerted effort to sign more alliances. Last year the Computron managed to sign several big agreements with a number of companies, including United Airlines and Securicom. Computron will also emphasis its global standing. It has offices across the US, as well as subsidiaries in Canada, Australia, Singapore, the UK, France, Germany and Poland. Computron has been able to build a significant presence in Eastern Europe, thanks to a deal it clinched with Polish Railways a couple of years ago.
