Apriso Completes Seventh Consecutive Year of Growth
Strong performance driven by continued demand for global manufacturing platforms
LONG BEACH, Calif.--(BUSINESS WIRE)-- Apriso, a leading provider of manufacturing software solutions, today announced total revenue growth for the past seven years exceeded 20 percent per year, as a compounded annual growth rate (CAGR). Over that same period, software revenue grew by a CAGR of 31 percent. The year 2012 was the seventh consecutive year that Apriso grew total revenue.
"Over the past 12 months we have seen a continued focus whereby many of the world's leading global manufacturers now recognize the importance of managing worldwide operations more holistically. This change is in response to a need for greater agility when dealing with increasingly complex customer demands and dynamic supply chains. These challenges require a more technologically sophisticated approach to manufacturing operations management," said Jim Henderson, president and CEO of Apriso.
"Increasingly, more of our customers are making an enterprise decision to address these complexities and challenges by establishing a global manufacturing strategy to streamline and manage production more effectively," continued Henderson.
Apriso saw this shift across a number of industry segments, including Aerospace & Defense, Automotive, Industrial, Powertrain, Tobacco, Energy, Consumer Goods, Food and High Tech. This new activity validates the diversity of industries that now need to move towards globally networked manufacturing operations.
Over the past five years, Apriso has signed 55 new global manufacturing customers, and went live at 181 new sites. Benefits of implementing a global platform for manufacturing operations management include better continuous process (and knowledge) improvement, greater process consistency to leverage best practices on a global scale, reduced costs, and improved quality and agility.
New Product Announcements
In 2012, Apriso launched a second version of FlexNet Manufacturing Process Intelligence (MPI) to provide an unprecedented level of real-time visibility for improved manufacturing and supply chain performance. MPI was a successful new product launch, with five customer implementations in progress by the end of 2012.
Apriso continued to expand its suite of solution offerings tailored to specific industries to help companies meet their most demanding manufacturing challenges. These include global product traceability solutions for the Automotive and Medical Device Industries, which are now helping leading manufacturers ensure better track and trace, genealogy and data standardization while meeting specific global supply chain and production challenges.
In addition, Apriso announced general availability of Apriso for Manufacturing, the first Windows 8 application designed specifically for manufacturers. Apriso's Manufacturing Process Intelligence solution is an ideal complement to Microsoft's Business Intelligence solutions, providing real-time visibility to manufacturing operations performance to accelerate responsiveness to change while supporting global continuous improvement.
About Apriso Corporation
Apriso is a software company dedicated to helping its customers transform the performance of their global manufacturing operations. It does so by enabling manufacturers to achieve and sustain manufacturing excellence while adapting quickly to market changes. FlexNet, Apriso's manufacturing software, uniquely enables companies to manage processes and share best practices across their operations with its BPM platform-based architecture. Apriso supports continuous improvement initiatives by delivering visibility into, control over and synchronization across manufacturing and the product supply network. Apriso serves nearly 200 customers in 45+ countries across the Americas, Europe, Asia and Africa. Customers include GM, Tesla Motors, Volvo CE, Cummins Inc., L'Oréal, Luxottica, Lockheed Martin, Bombardier, Textron Systems, MBDA and Saint-Gobain. Learn more at: apriso.com. Visit our blog at apriso.com/blog.
KEYWORDS: United States North America California
The article Apriso Completes Seventh Consecutive Year of Growth originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.