Camstar Systems, Inc. announced record revenue for 2013.
In a release on February 6, the Company noted that license revenue, a key indicator for profitability and growth, increased 102 percent over the prior year, and total revenue was up 31 percent over the same period. This marks the fourth year in a row of year over year revenue increases for Camstar.
New customers in Camstar's target industries - Medical Device, High Tech, and Semiconductor - recognized the operational and quality improvements that are enabled by Camstar's Enterprise Manufacturing Execution System (MES) and accounted for 58 percent of the total revenue. Additional investment from existing customers comprised 42 percent of total revenue, as a result of continued and expanding value they received from Camstar products.
Camstar's success can be attributed to their product offering in the Camstar Enterprise Platform. The Camstar Enterprise Platform is a foundation for global manufacturing and product developers, enabling them to achieve top quality, maximum efficiency and ensured compliance. "We have invested heavily in our products to enable quicker time to value for our customers; which makes it easier for them to respond rapidly to the many product and process changes driven by their customer expectations," said Scott Toney, CEO of Camstar Systems.
Camstar expects future growth as it releases additional product capabilities for global multi-site deployment, manufacturing process change management, and shorter deployment cycles. Toney said, "We continue to invest in our Global Services organization of exceptionally talented professionals serving the US, APAC, and EMEA regions. This enables global manufacturers to realize additional benefits from multi-site deployments."
Camstar provides manufacturing execution systems (MES), enabling global networks of manufacturers, brand owners and suppliers to produce the highest quality products.
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