CIMdata PLM Industry Summary Online Archive
Month, 1 2010
Financial News
CIMdata Market Analysis: CAM Software Producer OPEN MIND – An Exception in Terms of Growth; OPEN MIND Bucks Market Trend
OPEN MIND Technologies AG is at the top of the list of leading global CAM software producers measured in revenue growth. The recently published “NC Software and Services Market Assessment Report” by CIMdata demonstrates OPEN MIND was the only leading CAM software producer able to increase revenue during the crisis year of 2009. With 150 employees, the CAM expert managed to expand its turnover from US$31.5 million to US$32 million in 2009. For 2010, CIMdata anticipates that OPEN MIND will improve in market shares and direct sales revenues from eighth to seventh place in a comparison of the world’s leading CAM producers.
Although the NC software market shrank by a total of 15.5 per cent in 2009, OPEN MIND’s annual turnover increased by 1.6 per cent over the same period. Furthermore, the CIMdata report predicted double-digit growth rates for the CAM specialist in 2010. Thanks to its streamlined structures and bundling of core competencies, OPEN MIND is the fastest growing company in its industry and has significantly overtaken its larger competitors.
“Thanks to the major commitment of our employees and our clear concentration on the independent development of CAD/CAM solutions for digital manufacturing, we were able to continue growing, even in a difficult market environment. This focus on our core competence streamlines our structures and improves our processes enormously,” Hagen Rühlich, Technical Director at OPEN MIND, said of the success.
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.