Global software solutions provider Sofico achieved record sales during its 30th anniversary year.
The company had turnover of €34.7 million in 2018, a rise of 16.4% on the previous year.
Sofico supplies a variety of products for leasing and fleet management companies and its software is used by a broad range of captive finance and leasing companies globally.
It was founded in 1988 in Belgium and its software is now installed in 24 countries worldwide.
Gémar Hompes, managing director of Sofico, said: “We are delighted with our growth figures as they are a true indicator of our success in meeting the changing needs of our customers around the world.”
During 2017, Sofico upgraded its Miles management software with cloud technology capability, offering near real-time analytics and a new driver companion app. It has also broaden its services through the introduction of Miles.next.
Hompes added: “Our customers have benefitted greatly from our continuous investment in Miles, while Miles.next has allowed us to widen the scope of our solutions in line with the way the global market is developing towards Mobility-as-a-Service.
“Miles is now a true hybrid contract management system capable of meeting the needs of a global market where the effective management of multiple business lines and different mobility solutions is becoming an absolute necessity.”
With the expansion of Sofico, local offices have been opened during the past three years in the Netherlands, the UK, Germany and Mexico to focus on helping local implementation projects.
Once fully established, the network of new local offices will more than double the size of Sofico’s already global reach, with local offices already established in Australia, Japan and France.
It also has offices in Australia and Japan that act as a hub for customers in the Asia Pacific region, while its Mexico office supports customers in Latin America.
