Plex Systems, provider of Plex Online, Cloud ERP for manufacturers, announces its financial results for the year ending Dec. 31, 2011.
AUBURN HILLS, Mich., Jan. 25, 2012 -- Plex Systems Inc., provider of Plex Online, Cloud ERP for manufacturers, today announced its financial results for the year ending Dec. 31, 2011. Plex Systems achieved recurring revenue growth of 32 percent compared to recurring revenue in 2010. Total revenue grew by 30 percent year over year. Note that as a private company, Plex Systems does not release dollar values for its revenue and profitability figures. In 2011, the company added 45 customers and 41 employees. The company also appointed S. Craig Huke as chief financial officer, and Edwin J. Gillis joined the board of directors. "In 2011, a growing number of manufacturers from diverse industries embraced the Cloud ERP model to dramatically improve their operations and lower their costs," said Mark Symonds, Plex Systems president and CEO. "Our community of Plex Online users improved their profitability, streamlined business processes and reduced waste as they helped drive the continuing evolution of the Plex Online software to meet their manufacturing needs. With their input, we continue to innovate, adding features and modules to Plex Online that are valuable to the entire manufacturing community." Awards and Recognitions In 2011, Plex Systems received 28 awards from industry associations and publications for excellence in technology, business growth and workplace culture. Plex Online users also received 12 awards for their use of Plex Online to achieve strong business results. Most notable: 2011 CODiE Business Software awards -- Plex Online was recognized in all four categories for which it was nominated, including the prestigious "Best Operations Management Solution" Supercategory, which identified Plex Online as the best product among all winners in operations management-related categories. 2011 EuroCloud Award -- Plex Online won the 2011 EuroCloud Deutschland Award and was also named a finalist in the European-based 2011 Supply Chain Distinction Awards program. Detroit Free Press Top Workplaces -- Plex Systems was named one of the top three midsize companies to work for in Michigan. This was the third consecutive year that Plex Systems was included in this list. Food Logistics 100 (FL100) -- Plex Systems was named, for the second consecutive year, to the FL100 list of the best technology solutions and services supporting the food processing industry. Community Giving Plex Systems employees chose Gleaners Community Food Bank and the St. Clair Butterfly Foundation as the 2011 Plex Systems focus charities. In 2011, the company raised $46,000 in various fundraisers such as wine tasting, beer tasting, silent auctions, breakfasts and bake sales to benefit the less fortunate in the local community.
About Plex
Plex, by Rockwell Automation, is a leader in cloud-delivered smart manufacturing solutions, empowering the world's manufacturers to make awesome products. Our platform gives manufacturers the ability to connect, automate, track, and analyze every aspect of their business to drive transformation. The Plex Smart Manufacturing Platform™ includes solutions for manufacturing execution (MES), ERP, quality, supply chain planning and management, asset performance management, production monitoring, process automation and analytics to connect people, systems, machines and supply chains, enabling them to lead with precision, efficiency and agility. To learn more, visit http://plex.rockwellautomation.com.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.