With 58 % growth in sales and double digit earnings, the company maintains both a steadily growing customer base and solid fiscal stability.
Critical Manufacturing’s key product portfolio includes modular MES software geared to industries with highly-complex production, compliance and quality demands. Much of the company’s fiscal growth last year was achieved with a significant increase in software licensing and service agreements with new and existing customers, as it continues to expand in key markets that include Germany, Austria, Russia, the US, China and Taiwan.
"Our annual results demonstrate more than just our fiscal strength, they are a tribute to our modular go-to-market approach and the flexibility and scalability of our product," says Francisco Almada-Lobo, CEO of Critical Manufacturing. "Very few manufacturers want-or are able to do-a rip-and-replace of their existing manufacturing intelligence systems. We enable them to build their solution in both existing facilities and in green field developments of varying sizes and scope. In doing so, we help them get to the next level quickly and easily, so that they can spend their time thinking about their business-not their IT.
Critical Manufacturing’s flagship MES product and its record for service has recently been recognized by analysts from Frost & Sullivan as an industry leader, awarding the five-year old company with its Global Price Performance Value Leadership award for the product’s features, ease of use and low total cost of ownership.