The Training Associates Reports 2012 First Quarter Results
Westborough, MA – May 31, 2012 - The Training Associates (TTA), the largest provider of learning and development consultants and solutions, recently reported a highly profitable first quarter. Company revenues for the quarter ending March 31, 2012 were reported at $13.8 million compared with $11.2 million in Q4 2011. This sustains the higher level of sales achieved after a record 175% sales growth in 2011 over 2010 and positions the company to achieve its targeted forecast of over $60 Million in sales this year.
TTA’s dominant market position and unusual growth opportunities in a multibillion dollar training staffing and consulting market has prompted the company to embark on a search for a growth private equity group or venture capital company to assist in leveraging its extensive resources and significantly expanding operations domestically and globally. TTA’s many successes have brought the company prominent industry recognition and increased visibility which has led to many new contracts from Fortune 1000 customers and government entities.
Vic Melfa, CEO of The Training Associates, said, ”TTA has been very successful this past quarter as we continue to penetrate, partner, and deliver a myriad of blended learning solutions for our diverse and global clientele. Our ability to provide clients with scalable, cost-effective learning solutions, coupled with our depth and breadth of experience, have resulted in a highly profitable quarter for our company. We are searching for strategic partners to provide the infusion of resources and capital needed to quickly expand our operations to serve the increased demand for our unique service offerings.”
About The Training Associates
Founded in 1994, The Training Associates has become the largest and most trusted worldwide provider of learning and development consultants for IT and professional business skills training. The Training Associates’ rigorous candidate qualification process has earned the company an outstanding reputation in the industry for contracting with only the highest quality learning professionals. Clients rely on The Training Associates for a full-spectrum of award-winning training delivery solutions including: scalable trainer resources, learning consulting, project management, train-the-trainer, courseware, curriculum development, and large-scale roll-out services. Learn more at: www.thetrainingassociates.com.