ServTrax, a leading provider of asset and support contract management solutions, announced record growth in 2015.

• 31% growth in contracts under management.

• 23% increase in the total number of assets under management.

• 16% growth in the number of customers.

Jay Hill, Director of Operations, attributes growth to the IT Channel's increasing recognition of the value of automated support renewal solutions to manage and grow their recurring revenue opportunities.

Commenting on the results, Randy Faile, Director of Sales said, "The Trax application has proven processes giving our partners much deeper integration into their customers' assets and lifecycle management programs. Channel partners are also leveraging the TRAX platform to expand relationships within their existing install base and as a market differentiator to win new customers."