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Apriso announces revenue growth of 86%
05 Mar '08
3 min read
Apriso, a provider of adaptive software solutions for global manufacturers announced the Company's largest comparative quarter-over-quarter software license revenue growth of 86% and total revenue growth of 45% for the fourth quarter 2007, contributing to the completion of a record year in 2007.
Revenue was well balanced between automotive, aerospace & defense, mill products, consumer goods and medical device manufacturers worldwide. Growth in new customers was driven by the need for improved visibility, control and synchronization of operations to improve agility, especially when distributed across multiple production and supply chain locations.
“2007 was an outstanding year for our business in many measures. We're proud to achieve another consecutive year of exceeding expectations,” stated Jim Henderson, president and CEO of Apriso. “We believe our expanding backlog of new customers in 2007, made up of many global enterprises making enterprise-wide decisions, demonstrates an inflection point in our business. Customers are now recognizing the growing importance of extending the value of enterprise applications by integrating business systems with manufacturing operations. This is a growth trend we expect to continue going forward.”
Expanding Enterprise Customer Base:
Notable new customer additions and 'go-lives' during the fourth quarter include Scandinavian Tobacco, with headquarters in Denmark and facilities in Poland and Latvia, that will be implementing Apriso FlexNet as an enterprise application to simplify complex business processes while ensuring adequate traceability to control usage and distribution of raw material flows.
Revenue was well balanced between automotive, aerospace & defense, mill products, consumer goods and medical device manufacturers worldwide. Growth in new customers was driven by the need for improved visibility, control and synchronization of operations to improve agility, especially when distributed across multiple production and supply chain locations.
“2007 was an outstanding year for our business in many measures. We're proud to achieve another consecutive year of exceeding expectations,” stated Jim Henderson, president and CEO of Apriso. “We believe our expanding backlog of new customers in 2007, made up of many global enterprises making enterprise-wide decisions, demonstrates an inflection point in our business. Customers are now recognizing the growing importance of extending the value of enterprise applications by integrating business systems with manufacturing operations. This is a growth trend we expect to continue going forward.”
Expanding Enterprise Customer Base:
Notable new customer additions and 'go-lives' during the fourth quarter include Scandinavian Tobacco, with headquarters in Denmark and facilities in Poland and Latvia, that will be implementing Apriso FlexNet as an enterprise application to simplify complex business processes while ensuring adequate traceability to control usage and distribution of raw material flows.
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