The company, which raised 3.1m on the Alternative Investment Market (AIM) at the end of last year (PrintWeek, 14 December), recorded revenues of 1.44m for the year to 31 December 2001. Of this, 1.42m came from the October acquisition of London-based print management firm gl2.

TripleArc made a gross profit of 247,969, but after investing 807,305 in research and development, as well as other costs, it made an operating loss of 1.62m.

Chief executive Conor OBrien said 2001 had been "very much a developmental year", which had been boosted by the completion of the firms JDF Collaborative Workflow System (CWS).

"This year we can hit the market with the right product," he added.

OBrien said the company would now focus on marketing and selling CWS to the industry, which it claimed was rapidly adopting JDF as its standard.

"Ipex was very successful for us. We focused on showing the benefits of JDF, showing printers, print management and print buyers the real benefits," said OBrien.

CWS, which has been developed over an 18-month period, is claimed to be the only fully compliant JDF print procurement system and allows the integration of products into a "seamless workflow".

TripleArc has also signalled its acquisitive intent, although OBrien was unable to reveal if there were any targets in mind.

The company is also in discussion with an unknown number of parties outside Europe with a view to licensing its JDF technology to other print software companies.

Story by John Davies