Mitchell International Inc. announced record business performance results for 2008. Mitchell grew revenue by over 15 percent on a year-over-year basis and is on pace to achieve similar growth in 2009 – with sales expected to exceed $250 million.
Moreover, Mitchell made gains in new customer additions, with over 2,500 new collision repair shops added to its network in 2008.
“We are proud of our strong performance in 2008, especially given the challenges presented by the economy,” said Alex Sun, president and CEO of Mitchell International. “The fact that Mitchell achieved balanced growth across its key business lines was especially encouraging.”
Mitchell’s WorkCenter Total Loss, WorkCenter Dispatch and ABS Enterprise product lines each more than doubled revenue year over year, and AutocheX grew by 20 percent. On the Casualty side, Mitchell had double-digit growth with adoption of its third party (ClaimIQ) and payment solutions.
In 2008, Mitchell also invested in product development to increase the level of collaboration between insurance carriers and collision repairers and introduced new products for claims automation and performance.
For more information, visit www.mitchell.com.
