Manatron history

Next, in April 1986, Manatron acquired Geogroup Corp. and began doing business in California.

Manatron’s investments in new product development, some $3 million over four years, and the beefing up of its sales force began to provide even greater benefits in fiscal 1987 when revenues jumped to $9 million and net income nearly doubled to $820,000.

In 1990 the company purchased microcomputer-based tax and vehicle registration software developed for use in Georgia by Savannah-based Charter Micro Applications.

In October 1995 Allen Peat retired as chief executive officer and chairman of the board of directors.

Fiscal 1999 proved to be an even better year for Manatron.

Business fell off in fiscal 2001, due in large measure to customers opting not to spend money on upgrading systems because they had just invested significant sums to make sure their operations were Y2K compliant.

Manatron returned to profitability in fiscal 2002, netting more than $225,000, despite flat revenues caused by difficult economic conditions.

The loss of the financial product line adversely impacted revenues, which fell to $38.5 million in fiscal 2004, but that sale added $2.4 million to Manatron’s record net profit of nearly $4.6 million.