Apriso Achieves Record 47 Percent Year-Over-Year 2008 Revenue Growth
Focus on delivering high impact, accelerated return on investment for new and existing customers continues to fuel accelerated growth
(LONG BEACH, CA - February 5, 2009) - Apriso®, a leading provider of adaptive software solutions for global Manufacturing Operations Management (MOM), today announced the culmination of a record 2008, delivering 47 percent annual revenue growth over 2007. Year-over-year growth was primarily driven by software revenues, up 71 percent over 2007, which positively impacted the firm's gross margin contribution, up 60 percent compared to 2007. Professional services revenue grew by 44 percent on a year-over-year basis. From a geographic and industry vertical perspective, revenue and customer expansion was strong in the automotive, industrial & heavy equipment, aerospace & defense, life sciences and consumer goods industries across European, Americas and Asia Pacific operations.
"Apriso grew significantly in 2008 during a period of economic uncertainty. Our results, and the dramatic growth we experienced in new customer acquisitions and existing client expansions, is a direct result of the strong business value we provide our customers," explained Jim Henderson, president and CEO of Apriso. "As we enter the year ahead, our objective is to exceed customer expectations, delivering real business value that helps manufacturers quickly become more agile, cost effective and efficient in their manufacturing operations."
Customer Activity
In the fourth quarter, a major Japanese electronics company became a new Apriso customer. In addition, two Life Sciences companies, including a US-based medical supplies manufacturer and a European-based pharmaceutical manufacturer, deployed FlexNet as part of their global MOM strategies. As evidence of continued market traction around Apriso's recently introduced FlexNet Containment Manager, an international engine manufacturer added this application to their current suite of FlexNet modules.
Demonstrating the growing customer acceptance of Apriso's solutions, over 700 FlexNet applications were sold to new and existing customers in 2008, including new products at additional sites of the following 'best-in-class' manufacturers: Volvo CE, British American Tobacco, Saint Gobain, Textron Systems, L'Oreal and Amcor.
New Partnerships
Apriso entered into a strategic partnership on November 20, 2008, with EDS, an HP company. Together, HP and Apriso introduced an integrated manufacturing operations software solution for manufacturers to compete more effectively and improve profitability. The HP/Apriso solution is now being actively deployed at three different manufacturers. Earlier in 2008, Apriso established a partnership with Atos Origin, leveraging their automation integration expertise in support of Apriso's manufacturing operations management solution.
Product Updates
From a new product perspective, 2008 saw the introduction of four new solutions tailored to specific vertical 'niches' in target industries best served by Apriso, including FlexNet for Consumer Goods, FlexNet for Packaging Manufacturers, FlexNet Warehouse Management for Manufacturers and FlexNet for Tobacco Manufacturers.
The improved FlexNet now supports greater agility, better synchronization across operations, a lower cost of quality and improved operational performance. These milestones were achieved with the introduction of several new FlexNet applications, including: FlexNet Just-In-Sequence, FlexNet Containment Manager, FlexNet Quality Planning and the recently updated FlexNet Global Process Manager with its embedded Business Process Lifecycle Management(TM), an industry first for manufacturers.
Industry Recognition
Apriso was consistently recognized in 2008 as an industry leader, capable of delivering more value, better ROI and greater functionality than the competition, as evidenced by winning a total of seven industry awards during the year. Most recently, Apriso's FlexNet was designated by Frost & Sullivan as its 2008 Global MES Product of the Year. Other awards were granted based on software industry leadership excellence, product innovation, logistics execution, best technology and overall manufacturing operations management effectiveness.
About Apriso
Apriso Corporation is a software company dedicated to providing competitive advantage for its customers. It does so by enabling organizations to adapt quickly and easily to market changes and unexpected events. Apriso's FlexNet platform provides visibility, adaptability and real-time control of manufacturing operations across the enterprise and supply chain network. This is accomplished by integrating planning, execution and control, increasing operational efficiency and eliminating errors in the production process. Apriso serves more than 170 customers in 41 countries across the Americas, Europe and Asia. Its customers include General Motors, Lear, Honeywell, L'Oreal, Trixell, Lockheed Martin, Becton Dickinson, Saint-Gobain, Novelis and Essilor. For more information, please go to www.apriso.com.
