< Back to Press Releases

Visiprise Grows Top Line Revenue 40 Percent, License Revenue by More Than 100 Percent

Continued momentum in enterprise customer growth and strategic partnerships fuels 2004 continued success for Visiprise

ATLANTA, GA - May 25, 2005 — Visiprise announced today the company has surpassed its financial and operational goals ending 2004 with 40 percent top-line revenue growth and more than 100 percent license revenue growth.

"Delivering business results to our customers has enabled Visiprise to maintain its leadership position as the only manufacturing platform in the marketplace today that has the breadth and depth of functionality necessary to span all discrete manufacturing industries, including electronics, automotive, and aerospace and defense," said Sean McCloskey, president and CEO of Visiprise. "2004 was an important year for us as we were able to significantly increase our penetration into enterprise accounts, growing license bookings in these global accounts alone by 500 percent."

Customer Growth

During 2004, Visiprise continued to help manufacturers manage and control global operations and improve quality and compliance, announcing new customers including Actia Group, Westinghouse Rail Systems, Thales Avionics, and Solectron. Visiprise’s professional services team completed 31 new deployments – six of which were multi-site, global installations. In 2004, Visiprise Manufacturing™ was deployed at facilities in China, Czech Republic, Italy, Mexico, Netherlands, France, Estonia, Tunisia, Romania and Hungary.

"In addition to new customer wins, many of our existing customers, satisfied with their initial deployment of Visiprise Manufacturing, are taking on more complex functionality through module enhancements to improve results," said Robert Consoli, vice president of worldwide sales for Visiprise. "Our customers are very excited about the product direction that Visiprise is taking. Our continued support of lean and quality management initiatives, as well as our recent partnership with SAP, further provides our customers with bottom-line benefits."

Visiprise also collaborated with product lifecycle management (PLM) software and services leader, UGS, in winning the global business for a leading aerospace manufacturer. The integrated Visiprise/UGS solution equips this aerospace manufacturer with fully integrated manufacturing planning and execution capabilities, providing complete visibility of data from their design processes through production.

Partnership Expansion

Partnership efforts during 2004 were very successful, culminating in Visiprise’s announced partnership agreement with SAP AG, under which the two companies have entered into a collaborative development, marketing and selling agreement. As a result, SAP and Visiprise now have the ability to offer a turnkey business software solution based upon SAP NetWeaver™ to the discrete manufacturing markets.

"We are excited to see these two companies collaborate on a joint solution," said Patrick Murray, CIO of Philips Lighting Electronics. "Both SAP and Visiprise serve critical needs for Philips, and to see them work together to provide a more integrated solution for their customers is a very positive event."

"Past [SAP] partner programs were often limited to verifying that the partner used SAP interfaces correctly. SAP is working differently this time... promoting partners that generate revenue and referenceable customers within the customer base and the SAP sales force," wrote Bill Swanton, vice president of research for AMR Research in the March 29, 2005 report titled SAP’s NetWeaver Partner Program. "Already, Visiprise has taken the prize by working closely with SAP’s High-Tech group and securing a preferred relationship that includes joint selling and revenue sharing."

About Visiprise

With more than 18 years of industry experience and proven success, Visiprise is the leading solution provider to help manufacturers drive manufacturing results throughout the global enterprise. Visiprise software, services and expertise work in tandem with our customers to manage and control manufacturing operations to improve product quality and compliance management.

More than 140 leading manufacturers in industries from electronics and automotive to medical devices and aerospace and defense are managing and controlling manufacturing operations with Visiprise. Atlanta-based Visiprise has customers around the globe, including Solectron, Nokia Networks, E-Z-GO Textron, BAE Systems, Celestica, Philips Lighting, and Sun Microsystems. For more information, visit www.visiprise.com.

###

NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Media contact for Visiprise:
Mike Neumeier
404-451-7832
mneumeier@gaughanandswann.com