2022 was another record year for North American PLM integration and migration expert PROSTEP, Inc. This marks the fourth consecutive year of record growth. PROSTEP’s enterprise-grade commercial off the shelf (COTS) software for PLM integration, migration and collaboration, data exchange, and digital thread led growth with a 40% increase in year-over-year bookings. PROSTEP, Inc. does not publish specific financial figures independently of the PROSTEP Group's annual report.
Leading companies in numerous industries continued to evolve and re-define best practices for their organizations throughout 2022. PROSTEP, Inc. noted an increase in PLM and CAD migration projects as customers looked to consolidate data into a single source of truth for product lifecycle management, engineering, and manufacturing. In several cases, migrations were also triggered by acquisitions, mergers, and divestitures. OpenPDM, PROSTEP’s commercial integration platform, which enables full bidirectional interoperability between systems from different PLM manufacturers, was used heavily in these migration projects.
2022 also led to increased interest in security and collaboration in companies that want to securely exchange large amounts of data, technical data packages, and other intellectual property. This has led to the rapid adoption of PROSTEP tools such as Open DXM GlobalX and PDF Generator 3D in the North American market.
Finally, PROSTEP is seeing a huge interest in what it calls “Configuration Lifecycle Management” as companies seek to establish a digital thread (baseline) that links all product iterations from requirements through each step of the product lifecycle. For the first time, leading companies have the tools to enable product traceability from “cradle to grave”. Several leading aerospace companies are piloting PROSTEP’s new OpenCLM software to augment their efforts in this important area.
Inflation has drastically impacted wages and other costs and expenses in the past 12 months. Fortunately, PROSTEP’s clients have been very understanding about the necessary rate increase, the first in over a decade. “We are blessed to have such a trustful relationship with our clients”, says Paul W. Downing, Managing Director of the company. “As one of our customers expressed: “You have to pay to have the best of the best resources, and that is what we expect from PROSTEP“.
One major change for PROSTEP, Inc.’s employees in 2021/2022 was the purposeful decision to continue working remotely in post pandemic times. This enables the company to extend its hiring reach throughout the entire country. It also increases diversity in its workforce, improves employee satisfaction, and positions the consultants closer to the customers.
PROSTEP, Inc. is a wholly owned subsidiary of PROSTEP AG, headquartered in Darmstadt, Germany, which specializes in engineering systems interoperability. “We are very pleased with the performance and professionalism of our subsidiary and look forward to further expanding our offerings in North America and the rest of the world," said Karsten Theis, member of the Executive Board of PROSTEP AG.
