CIMdata PLM Industry Summary Online Archive
29 January 2009
Financial News
Dyadem Achieves Record Growth in 2008
Dyadem announced that it achieved record growth in 2008. Fueled by key customer wins in the oil & gas, medical device and pharmaceutical industries, Dyadem achieved year-over-year revenue growth of 44%.
“As companies became more cost-conscious and bottom-line oriented during this global recession, Executives’ priorities switched from growth initiatives to cost reduction initiatives. Their new focus found compelling value in partnering with Dyadem to help them achieve their goals while mitigating the risks introduced in the cost reduction process,” said Kevin North, President and CEO of Dyadem. “With Dyadem’s solutions, our customers were able to automate critical quality and risk management processes and gain visibility into the risks introduced by rapid changes in a company’s production, staffing and supply chain.”
Dyadem plans to continue its growth with three new offices in 2009. Opening next month is a headquarter office in London, which will serve as a hub for Dyadem’s growing customer base in Europe, Middle East and Africa. A third North American office in Boston, Massachusetts, which will provide a second U.S. training facility, is also planned to open in 2009, along with the move and expansion of Dyadem’s worldwide headquarters in Toronto. In 2008, Dyadem established its U.S. headquarters in Houston, Texas, meeting the demand of its large base of customers in the oil & gas industry.
Dyadem’s Stature is a web-based, enterprise Quality Lifecycle Management and Risk Lifecycle Management platform that helps organizations standardize their quality and risk processes across plants and geographies, ensuring that knowledge is shared and that issues can be resolved at the root, before multiplying throughout operations. Stature allows for a centralized workspace that reduces redundant information, ensures cross-functional collaboration, and enables continuous improvement through end-to-end management of quality and risk lifecycles. Stature 4.0 will be available later this year.
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.