2012 is in the books and I am certain that as soon as the ball dropped on 2013 that each of you are already working on your strategic plan for 2013 and the myriad of goals and action plans planned for the coming year. At Suntell, we like to take this time to say thank you for being a loyal customer and contributing to our success.
We have passed the 16 year mark since we founded this company and can now count 167 financial institutions in 29 states as our customers. 2012 was a strong year for us financially as we continue to add to our cash reserves generated by positive cash flow and net earnings. This could not have been achieved without the loyal patronage of our customers.
Data Center, Inc. (DCI), a core technology company out of Hutchison, KS saw a need and demand for our product from their customers. As a result, in 2012, we entered into a partnership with DCI to support their private label and resell of the Square 1 Credit Suite ®. We look forward to working with another Kansas based technology company as we both bid to grow and delivery quality bank technology solutions to the national market.
We have never been a company to rest on our achievements however. After 16 years of developing, supporting and implementing the Square 1 Credit Suite ®, we continue to invest in development of new and better workflow and product functionality. More product enhancements and new functionality are planned for 2013. We believe this continuing investment in our products, coupled with providing top notch responsive customer support will continue to drive the growth of company with great customers like each of you. We take great pride in being more affordable, nimble and responsive than our competitors. At Suntell, we are passionate about our desire to provide community financial institutions a more efficient approach to commercial and agricultural lending and credit risk management.
Thank you for being part of our company and our growth and best wishes for a profitable 2013!