CIMdata PLM Industry Summary Online Archive
11 April 2007
Financial News
Gibbs and Associates Post Record Sales in March; Sales of GibbsCAM products and services break all previous sales records in company's 23 year history
Gibbs and Associates, developer of GibbsCAM®, software for programming CNC machine tools, announced that sales of GibbsCAM products and services for the month of March exceeded all previous monthly sales records in the company's 23 year history. Revenue from new seat sales, upgrades and maintenance increased considerably, continuing the substantial ramp-up from the beginning of 2007. The sales increase represented growth in both domestic and international markets. March 2007's performance surpassed the previous record set in March 2005.
"It's always nice to see strong sales," comments Bill Gibbs, president and founder of Gibbs and Associates, "but setting a new monthly sales record is particularly gratifying. Gibbs' investment to support multi-tasking machine tools continues to pay off with growing GibbsCAM MTM sales. At the same time, sales of other GibbsCAM modules are also growing confirming GibbsCAM's suitability to a wide range of manufacturing disciplines."
Gibbs and Associates was recently recognized by CIMdata in v16 of their NC Software and Services Market Assessment Report as one of the forecasted top three most rapidly growing CAM companies in 2007 based on vendor revenues.
"Gibbs' on-going strategic relationships," states Mr. Gibbs, "with key machine tool manufacturers, such as Mazak, Mori Seiki, Matsuura, Fadal, and Doosan, continues to generated new business opportunities. Customers benefit from this close collaboration and are able to realize a return on their machine tool investments more quickly."
March sales results were posted in advance of the upcoming GibbsCAM 2007 release, which is on schedule to be available this month. It is expected that similar to previous product releases, the release of GibbsCAM 2007 will also generate additional sales demand and corresponding revenue. The company also plans to release another major release of GibbsCAM before the end of 2007 further enhancing sales performance.
For more information about GibbsCAM, or to locate your local GibbsCAM Reseller, go to http://www.gibbscam.com/ , call 1-800-654-9399, or email info@GibbsCAM.com .
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.