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Long Beach, CA, United States, 2011/11/10 - 62 percent year-to-date revenue growth driven by multi-industry growth strategy and diverse manufacturing operations and supply chain product breadth - Apriso.com. Euronext: #13065; DSY.PA
Apriso, a leading provider of manufacturing software solutions, today announced continued strong revenue growth in the third quarter of 2011. Year-to-date revenue through three quarters grew by 62 percent on a year-over-year basis. Third quarter software revenues grew by 44% on a year-over-year basis. Growth was driven by new customers making enterprise decisions to standardize on Apriso as their platform for global manufacturing operations management. Key third quarter orders came from customers in the aerospace, consumer goods and high-tech industries.
“Apriso continues to achieve significant revenue growth by engaging with global manufacturers seeking scalable, enterprise solutions to drive greater efficiency, performance and continuous improvement across their extended global enterprises,” stated Jim Henderson, president and CEO of Apriso. “Our strategy to deliver a global solution serving multiple diverse industries has played a critical role in our growth and market share expansion.”
Multi-Industry Strategy Drives Continued Growth
FlexNet’s ability to address the various challenges faced across multiple industries has contributed to strong revenue growth, as evidenced by the firm’s continuous expansion over the past 5 years. All targeted industries have grown in 2011.
“Manufacturing Execution System (MES) companies have traditionally approached the market focused on one industry or manufacturing model. FlexNet’s unique ability to deliver a core solution that can be deployed across multiple industries and manufacturing models has been critical to our ability to maintain consistent growth in these turbulent economic times,” continued Mr. Henderson.
“MES companies have traditionally been challenged when implementing their systems across a large number of sites, limiting their ability to deliver a full scope of benefits to their customers. Our success in large scale deployments has contributed significantly to our market success,” said Jim Henderson.
Of particular note is the fact that during the third quarter 11 “go lives” occurred for a single customer. All 11 unique sites went live successfully on the same day, a new Apriso record and something quite unusual in the MES marketplace.
A growing number of manufacturers continue to select Apriso’s FlexNet as their global manufacturing platform to improve manufacturing efficiency, manage materials and suppliers, improve quality and provide enterprise visibility into manufacturing. Ease of implementation has also contributed to Apriso’s growth, as evidenced by the large number of new “go lives” that occurred in the third quarter and across all of 2011.
Proof of Apriso’s ability to support global roll outs came in the third quarter when one of its customers, Cummins Inc., was awarded the Manufacturing IT Award of the year at the Strategic Manufacturing Awards 2011, held in Düsseldorf, Germany. Cummins earned accolades for demonstrating unrivalled success and return on investment in designing and executing a global IT infrastructure with Apriso’s FlexNet. Key decision factors in award selection included depth of product breadth, speed of implementation and quality improvement processes that are now more easily updated as part of Apriso’s solution capabilities.
Product Updates: Visibility, Control and Supply Chain Synchronization
FlexNet Manufacturing Process Intelligence was released at the close of the third quarter, offering real time visibility into manufacturing operations and the product supply network. This application further extends the value of the FlexNet platform, offering enterprise manufacturing intelligence and more effective analytics performance on a global scale to improve efficiency and drive continuous improvement. Apriso (apriso.com) also just launched the industry’s first MES App for iPad and iPhone users. This mobility application extends visibility into and control over the plant floor to Apple’s mobile products to help simplify shop floor operations management.