Parent company of Auto-Graphics, Inc. delivers 2017 results to stakeholders and customers.
The parent company of Auto-Graphics, Inc., Agent Information Software (AIFS) today published the 2017 audited earnings for Auto-Graphics, Inc., an Industry-leading library management software provider and the first to provide Web-based library resource sharing solutions to library consortia.
By publishing their audited financial information, AIFS delivers to its stakeholders and Auto-Graphics’ customers the solid results of the last fiscal year. Net income for the year ending December 31, 2017 was $282,154, up $78,085 from the previous year’s net income, with reported net sales of $4,959,845, $202,647 higher than 2016. The full 2017 audited earnings report can be viewed here.
Auto-Graphics continued to fine-tune the capacity of their resource sharing solution, SHAREit®, improving service to end-users by opening collections between different types of libraries, extending patron discovery, and improving access to items that previously had been held in closed information silos. This increased access has had the added benefit of reducing acquisition costs along with costs associated with third-party lenders for SHAREit resource sharing customers, which include public libraries, school or K-12 libraries, special libraries, and college or academic institutions. In fact, one SHAREit customer, Access PA, reported a $1.8M reduction in purchasing costs due to increased resource sharing in 2017. In 2017 Auto-Graphics experienced the largest growth in their resource sharing solution in the past 30 years. The company is also preparing a celebration of providing cloud-based resource-sharing for 25 years, and their continued expansion of SHAREit capabilities makes the company uniquely qualified for any sized state or consortia looking at improving or establishing resource sharing regionally or statewide.
Auto-Graphics’ nearly seven (7) decades of providing solutions to the markets it serves reflects how well the company has listened to their customer base and stayed abreast of new technologies, continuously reinventing their products and services to help libraries become more efficient and patron-centric. In 2018, at PLA (Public Library Association Show in Philadelphia), Auto-Graphics will introduce the next generation of its software platform. Continuing with Auto-Graphics’ long history of customer care, all of our SaaS customers will receive the upgrade to the new platform as part of the continuing SaaS support and maintenance fees.
About Auto-Graphics, Inc.
Auto-Graphics is the only publicly-traded library software vendor to provide software solutions along with full financial transparency. The company’s nearly seven (7) decades of providing solutions to the markets it serves reflects how well Auto-Graphics has listened to their customer base and stayed abreast of new technologies, continuously reinventing their products and services to help libraries of all sizes become more efficient and patron-centric. The Auto-Graphics browser-based AGent Software Platform for patrons and staff – currently used by more than 11,000 libraries in North America – is comprised of SHAREit®, a Web-based resource sharing solution providing patron-initiated sharing, circulation-based interlibrary loan (ILL); VERSO®, an integrated public library system (ILS). RESEARCHit®, a federated search and discovery module; and MONTAGEdc®, a digital collection solution. All products are fully Web and cloud-based, Build to be standards compliant including ISO, NISO and WEB standards, and are available via a Software as a Service (SaaS) subscription. For more information, please visit www.auto-graphics.com. Auto-Graphics is a public company that trades under the stock symbol AIFS.
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© Auto-Graphics, Inc. All rights reserved. VERSO®, SHAREit®, RESEARCHit™, MONTAGEdc®, & SLIMS™ are trademarks of Auto-Graphics, Inc and part of their AGent® Library Platform. All other trademarks are the property of their respective owners.
Media contact: Elizabeth Kelley
Auto‐Graphics, Inc.
(909) 569‐1544
Product Manager, SHAREit
Product Manager – VERSO
Customer Service Manager
Chief Technology Officer
Dr. Murphy has been a director since December 2012. He has over 20 years experience as a successful software executive specializing in high-growth SaaS companies. He currently is CEO of GVNG Technology and Practitioner of Strategy at the Pepperdine Graziadio Business School. Dr. Murphy is an active member on the board of directors for several early-stage and private equity owned companies. He received his MBA from Pepperdine University and his Doctor of Business Administration (DBA) from the Alliance Manchester Business School at The University of Manchester.
Mr. Hicks, CPA, has been a director since February 2012. Mr. Hicks is Chairman of the Audit Committee. Mr. Hicks has been a practicing certified public accountant for over twenty-five years in addition to partnering and managing both an underground construction company and real estate development business. Currently, Mr. Hicks is a founder and senior partner of Hicks & Williams, LLP a certified public accounting firm providing tax, audit and management consulting services to small and medium size clients across the nation.
Mr. Heath has been a director since December 2012. Mr. Heath immigrated to California from Canada during the Internet commerce boom in 1999. Mr. Heath was formerly Vice President, Secondary Markets at Best Buy (2008-2010) and founded Dealtree.com in 1999, where he was CTO & COO from (2001-2010). Mr. Heath has developed expert system technologies for managing online sales channels and created several online marketplaces supporting secondary market sales. Mr. Heath is an Internet technology and business operations consultant and serves as President of Heath Investment Properties LLC. Mr. Heath is an active member of Rotary, and currently serves a Technology Director for District 5320 in Southern California.
Ken Kerr has been a director since April 2020. During his career, he served in a variety of leadership positions in sales, marketing, and operations with companies in startup, turnaround, and expansion. Most recently he was CEO/CFO of Advisys, Inc., a SaaS company providing financial planning solutions to Fortune 100 banks, brokerages and insurance companies, and thousands of independent financial advisers. He retired from Advisys in 2018 and now consults with businesses to improve profits and productivity through effective employee engagement strategies. Ken graduated Cum Laude from UCLA with a bachelor’s degree in English Literature and has an MBA with an emphasis in Technology Management from the University of Phoenix.
Product Manager, SHAREit – Customer Services
Product Manager, VERSO – Technical Services
Director of Information Technology
Controller
Director of Customer Service and Quality Assurance
Chief Operations Officer
Vice President of Sales
President