Softlab SA, the French subsidiary of German software engineering company Softlab GmbH, reported the group’s best 1994 revenues, up 80% on 1993, to the equivalent of $5.6m from $3.1m. The company as a whole reported recently a 9% increase in its 1994 revenues. French management said the increase reflects the penetration of Maestro II in the world market. The subsidiary added a number of partners last year, including SG2 SA, the information technology subsidiary of Societe Generale, leading French bank. The first quarter of 1995 has already seen an increase of between 30% to 35% in the company’s revenues, with important contracts signed in the insurance and services sectors, the company said.
