TROY, Mich., March 27, 2020 /PRNewswire/ -- Plex Systems, which delivers the first smart manufacturing platform, today announced it achieved its 11th consecutive year of double-digit revenue growth in 2019. Plex business unit DemandCaster, the leader in cloud software for agile, end-to-end supply chain planning, also achieved a 53% jump in ARR last year. Nearly 700 manufacturers in 29 countries now use Plex solutions to connect, automate, track and analyze every aspect of their business—from the shop floor to the top floor—to drive business transformation. In the last year, Plex cloud solutions have achieved an industry leading 96% renewal rate and 99.99% up-time.
"The MPI Corporation transformation team identifies and implements digital strategies, technologies, and projects that help the company expand employee engagement, reduce risk, and increase competitive advantage in the market," said Bob Bierwagen, vice president of digital strategy at MPI Corporation. "Our Plex Industrial IoT pilot is a significant differentiator for MPI, and is helping drive measurable value by reducing unplanned downtime and maintenance costs by up to 25%."
Plex Supports Leading Manufacturers
Customers that selected Plex in 2019 include category leaders in the aerospace, automotive, fabricated metals, food and beverage, industrial machinery, and plastics and rubber industries:
Plex Expands its Smart Manufacturing Platform
Plex Adds Offices, Grows Leadership Team Globally
Plex Has an Award-Winning Culture
1Source: Gartner, "Magic Quadrant for Manufacturing Execution Systems," Rick Franzosa, 29 October 2019
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About Plex Systems
Plex Systems, Inc.® delivers the first smart manufacturing platform that empowers the world's leading innovators to make awesome products. Plex gives process and discrete manufacturers the ability to connect, automate, track and analyze every aspect of their business—from the shop floor to the top floor —to drive business transformation. Built in the cloud, the Plex Smart Manufacturing Platform includes MES, ERP, supply chain management, Industrial IoT, and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility in an ever-changing market. Learn more at www.plex.com.
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SOURCE Plex Systems