AUBURN HILLS – Plex Systems, which provides the manufacturing ERP software called Plex Online, Tuesday announced that it had recurring revenue growth of 28 percent in the first quarter of 2010 compared with the same quarter in 2009. Total revenue grew 18 percent quarter over quarter.
The company also added eight new customers and continued to receive industry recognition.
While a spokesman for the privately held company declined to provide financial guidance, he did say the company posted 2009 revenue of $26 million.
?Manufacturing companies continue to look to the software as a service (SaaS) model as an alternative to outdated on-premises software,? said Mark Symonds, Plex Systems president and CEO. ?Plex Systems was the first to offer an authentic SaaS solution for manufacturers, so as interest accelerates, customers in all manufacturing industries are seeing the benefits of Plex Online.?
Customers who joined the Plex Online user community in the first quarter of 2010 include:
ALung Technologies ? ALung Technologies is a pioneer in respiratory assist technologies. The Pittsburgh, Pennsylvania-based company is currently conducting a clinical trial in Europe for its product, the Hemolung Respiratory Assist System, and plans to conduct a pivotal trial in the United States in 2011. It will implement the full Plex Online system.
Enovate IT LLC ? Based in Ferndale, Michigan, Enovate IT is an international manufacturer of mobile and wall-mounted computer workstations for the healthcare environment. The medical equipment provider is launching the complete Plex Online system with a go-live date of August 3.
Hiawatha Rubber Company ? Hiawatha Rubber Company is a rubber molder for high-precision parts, serving many industries. The Minneapolis, Minnesota-based company is implementing all Plex Online functions except tool manufacturing.
Meridian Lightweight Technologies, Inc. ? Based in Strathroy, Ontario, Canada, Meridian Technologies, Inc. manufactures magnesium components for automotive OEMs and tier-one suppliers. The company selected Plex Online over QAD, and will launch all functions with the exception of tool manufacturing.
Microflex Industrial ? Based in Ormond Beach, Florida, Microflex Industrial manufactures metal hose and braid, metallic expansion joints, bellows, and automotive products. The company will launch the complete Plex Online system, joining its Microflex Automotive subsidiary that became a Plex Online customer in 2007.
Precision Coil Spring ? Precision Coil Spring Company is a manufacturer of stampings, springs and assemblies for multiple industries, including aerospace. The El Monte, California-based company will implement all Plex Online functions, with the exception of project management.
RDM of Minnesota ? RDM of Minnesota, based in Dodge Center, Minnesota, selected Plex Online as a replacement to Infor/Fourth Shift. The contract metalformer is launching the complete Plex Online system.
Renaissance Global Logistics ? Based in Detroit, Renaissance Global Logistics is responsible for warehousing, distribution, consolidation and exportation. They receive parts from automotive tier-one suppliers and currently move Ford and GM components to Argentina, Brazil, Venezuela, Australia, Japan, Taiwan and Europe. The company will be launching Plex Online?s accounting, purchasing, shipping, CRM and EDI functions.
Plex is the developer of Plex Online, a software as a service (SaaS) solution for the manufacturing enterprise and the only solution to achieve the prestigious Champion ranking in Aberdeen Group?s 2009 ?ERP in Manufacturing? AXIS report. Plex Online offers industry-leading features for virtually every department within a manufacturer, including Manufacturing Execution Systems (MES) and Quality Management Systems (QMS) for the shop floor, Customer Relationship Management (CRM) for sales and marketing, Supply Chain Management (SCM) for procurement, and Enterprise Resource Planning (ERP) for finance and management. Plex Online?s fully integrated model delivers a ?shop floor to top floor? view of a manufacturer?s operations, enabling management to run its business at maximum efficiency. Founded in 1995, Plex Systems is headquartered in Auburn Hills, Michigan, with customers around the globe.
For more information, click on Plex.Com
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