CIMdata PLM Industry Summary Online Archive
26 March 2007
Financial News
Centric Software Milestones Show Market Acceptance of Product Intelligence For Global New Product Development and Construction Centric Software Announces Second Year of Record Growth
Centric Software announced its second consecutive year of record growth and expansion in key market sectors including consumer goods, apparel and retail, life sciences, and architecture/engineering and construction (AEC). Key factors contributing to the revenue growth are an expanded software portfolio, with four new Product Intelligence applications, and the release of v6.0 of Centric InSight, the only out-of-the-box application for intelligent search and discovery of engineering and technical content.
"Our strong growth last year derives in part from the strength and loyalty of our solid customer base. The second significant growth factor-from new business-proves that a new market exists for Product Intelligence applications that span and leverage traditional ERP, PLM, and many other standalone enterprise applications," said Chris Groves, chief executive officer, Centric Software. "Product Intelligence applications address the problems inherent when working with global teams and distributed information, such as collaborative product development with overseas suppliers for fast-moving consumer goods, sourcing private label or branded products overseas, and visibility across multiple simultaneous global programs and projects. Our early start in this market and current momentum point to strong growth in our next fiscal year."
Centric Software Highlights for Most Recent Fiscal Year
• 300% increase in year-over-year new license revenue in Consumer and AEC markets
• Surpassed 40,000 users in several industry verticals, managing more than $10B in new products and projects
• Expanded regional and vertical partnerships:
• Invensys and GxP in Life Sciences
• Neoris and AEC in Apparel, Retail and Consumer Goods
• IBM and PCO in Auto/Aero
• Architecture validated by IBM and Microsoft:
• Certified as "Ready for SOA" by IBM
• Awarded Microsoft Certified Partner
• Introduced Product IntelligenceT and new Product Intelligence applications for apparel management, global sourcing and multi-team programs
• Launched Centric Insight -the only intelligent search and dynamic discovery application for product and technical information, including information embedded in sources such as PLM, PDM, and ERP systems, office applications, email and CAD drawings
"This new market for Product Intelligence applications is characterized by companies with global teams using multiple source applications. These teams want to continue to leverage existing applications and existing business processes, rather than undertaking a massive, disruptive re-vaulting of information. Other customers for PI applications recognize that all information will never be in one place, so that rather than revaulting, these companies choose to find and connect to the information where it exists," continued Groves.
For more information on Centric Software, visit: http://www.centricsoftware.com/
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