Plex Systems is leveraging its focus on a diverse customer base to significant growth. The Auburn Hills-based software firm has enjoyed double-digit revenue gains and added 50 people to its staff.
The 17-year-old company has traditionally made software geared toward manufacturers. Over the last year it has expanded its client list by 45 companies, including firms in the electronics, aerospace and food-and-beverage industries. The food-and-beverage firms are flocking to Plex Systems so it can better comply with new regulations.
These new customers have allowed Plex Systems to grow its revenue by 32 percent over the last year. That has prompted the hiring of 50 people over the last year, expanding the company to 215 people and a couple of interns.
"It's something we have been executing on for a while," says
Mark Symonds, CEO of
Plex Systems. "To have long-term staying power we need to be diversified among a number of industries."
Plex Systems provides software for a number of manufacturing sectors, including food processing, medical devices, automotive, aerospace/defense, industrial and consumer products in Europe, Asia and North America. It is aiming to continue leveraging this diverse client base for more growth, planning to hire 73 people this year and grow its revenue by at least 25 percent.
"We're off to a pretty quick start so I think we could do a little bit better," Symonds says.
Source: Mark Symonds, CEO of Plex Systems
Writer: Jon Zemke
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