CIMdata PLM Industry Summary Online Archive
20 February 2008
Financial News
Visiprise Exceeds 2007 Objectives
Visiprise, Inc. announced that the company surpassed financial expectations in 2007, increasing license revenue by approximately 50% from 2006. The company also reached significant milestones by launching two new product releases while adding nine new customers and more than 40 new deployments around the globe.
“2007 saw significant achievements for Visiprise,” said Sean McCloskey, president and CEO, Visiprise. “Since our formation in early 2003, our revenue has increased by approximately 520%, making us the leader in the MES industry. We have expanded our employee base by approximately 465%, improving our capabilities to deliver our vision of integrated MES to our global customers and set the standard for the industry.”
Customer Growth and Services
During 2007 Visiprise continued to deliver industry-intelligent MES solutions, services and support to manufacturers, increasing its customer base with the addition of new customers from aerospace & defense, high tech, medical device, automotive and industrial machinery & components (IM&C) industries. A couple of new Visiprise customers include Bartolini After Market Services and Vacon. Visiprise also supported the expansion of solutions and services around the globe, completing 40 services projects and launching more than 30 new implementations in North America, Europe and Asia.
Partnership Expansion
The Visiprise and SAP partnership continued to expand following a successful completion of SAP’s solution certification process. SAP announced in June that it had entered into an agreement with Visiprise to resell and market Visiprise Manufacturing under the name “SAP® Manufacturing Execution by Visiprise.” As a result, Visiprise Manufacturing is currently the only SAP-validated MES solution available to discrete manufacturers.
Other 2007 partnership milestones include signed global agreements with Dassault Systemes, Tata Consultancy Services and HCL Technologies.
Product Development
In 2007 Visiprise announced the general availability of Visiprise Manufacturing 5.0, which expanded the Visiprise Manufacturing platform to address complex assembly manufacturing. The release marks the first time a single MES environment is available to support multi-mode manufacturing operations for discrete manufacturers.
“Visiprise Manufacturing 5.0 provides new functional, technical and usability enhancements that expand into the complex assembly environment as well as new enhancements for high volume manufacturing environments, making it possible for manufacturers to manage multi-mode manufacturing with one MES solution.” said Mike Lackey, vice president industry business units for Visiprise.
Visiprise also announced the availability of Visiprise Quality Management 2.4, introducing a complete tool nonconformance capture and enhanced data segmentation that allows manufacturers to reduce nonconformance cycle times while increasing shop throughput.
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