CIMdata PLM Industry Summary Online Archive
27 June 2007
Financial News
The Future is Bright for Actify
Actify Inc . announced the conclusion of a successful round of additional funding from both new and existing investors. This milestone comes as a result of having two consecutive quarters of record breaking revenue bookings, a first in the company's 10-year history.
"This kind of achievement is truly amazing for us and a testament that the direction we have chosen for the company to go in is the right one," said David Opsahl, CEO of Actify. "Everyone, from our internal team to our world-wide resellers, has contributed and is the reason for this success. We could not have done it without them. With this additional funding we plan to drive aggressively forward to build on the amazing success we have seen around the DesignShare product line."
The excellent financial figures have given investors the confidence to conclude a funding round that will allow Actify to further invest in their Engineering and Research & Development departments in order to expedite meeting the needs of their customers. It is their intent to open a new development facility in Hyderabad, India that will develop new, innovative functionalities to help increase the value of the Actify Suite of Products for existing and future customers. The first results of these efforts, in both SpinFire and DesignShare, should be available later this year.
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