Covalent has completed its third successive year of growth, with revenues for 2006 up 50% on last year. The number of customers using Covalent climbed to over 70 public sector bodies, with a total of 8450 named users registered on the system across all customers.
Comments Peter McHugh, CEO “2006 continued the pattern set since we founded Covalent in 2003, of strong and continuous growth. The year was particularly notable for the number of successes we had in new markets within the public sector, notably FE Colleges, Housing Associations and Charities. Councils remain our core market, where we consolidated our market leader position with a series of new contracts”