Auburn Hills-based Plex Systems Inc., provider of the No. 1-rated ERP software for manufacturers, announced that its third quarter 2009 total revenue was up 8 percent. For the first nine months of 2009, total revenue grew 14 percent over the comparable period in 2008.
The industry-leading software as a service (SaaS) provider also improved its cash flow -- earnings before interest, taxes, depreciation and amortization -- by 32 percent in the third quarter, and by 54 percent year to date.
Plex is a private company and does not release dollar values for its revenue and profitability figures.
“Despite the continued economic challenges faced by manufacturers in the first nine months of 2009, Plex Systems has attracted new customers at a record rate,” said Mark Symonds, Plex Systems president and CEO. “The triumph of the software as a service model over outdated on-premises software continues to accelerate, and Plex Systems is at the forefront of this movement.”
This quarter’s revenue growth includes additional business from existing customers who added new Plex Online modules to further improve their operations, as well as the addition of 10 new customers.
Some of these new customers are:
* Arbor Plastic Technologies --.This manufacturer of specialty additives and associated delivery systems for the plastic resin industry will be implementing the core Plex Online system. The plastics technology leader is headquartered in Bloomfield Hills with a lab and plant in Marblehead, Ohio.
* Big Lift LLC -- Big Lift, an electric lift truck manufacturer, dealer and servicer, will implement all core Plex Online modules with development work to be done on field service modules. Big Lift has locations in Lombard, Ill. and Wisconsin Dells, Wis.
* Holland 1916 -- Holland 1916 is a manufacturer of custom identification products, including nameplates, membrane switches, touch-screens, RFID tags, and consoles. The north Kansas City, Mo.-based company will implement the complete Plex Online solution as a replacement for the Epicor Vista system.
* Keihin Michigan Manufacturing – This Capac-based automotive supplier of HVAC and intake manifold will be implementing all Plex Online shop floor modules, including Production, Quality and Maintenance.
During the third quarter, Plex Systems took several actions to ensure that its growth will continue to accelerate in the coming months.
For instance, in August, the company announced a new strategic alliance with EnteGreat Inc., a leader in manufacturing consulting, to expand Plex Online’s use among manufacturers in the food, beverage, and life sciences industries. The alliance brings together the unique and complementary strengths of Plex Systems and EnteGreat to expand application and awareness of the Plex Online solution as a solution enabling food, beverage, and life science manufacturers to achieve best-in-class performance.
Plex Systems is also proud to have received seven industry awards during the third quarter.
More at www.plex.com.
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