January 18, 2016

Centage reports strong fourth quarter

Barry Clapp, President and CEO, Centage Corp. of Natick, has helped lead the company to a strong fourth quarter of 2015.

Centage Corp., the Natick-based provider of budgeting and forecasting software for small and medium-sized businesses, ended 2015 with a strong fourth quarter, according to a release from the company.

The privately held company, which is not required to report its earnings, said that year-over-year billings were up nearly 50 percent in the fourth quarter of 2015. Over 50 percent of the sales from this quarter were from the cloud-based version of the company's program Budget Maestro. This reflects the trend towards cloud computing, according to the company.

In 2014, Centage secured $9.5 million in "Series A" venture funding and acquired BI-Metrix Inc., a Canadian maker of a business analytics tool.


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