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Atlanta — Visiprise announces that it has exceeded its financial and operating objectives for 2003.
Visiprise provides software solutions that connect, collect, control and collaborate with real-time manufacturing data in a multi-tier supply chain.
Visiprise was established by the merger of NetVendor, a venture-backed collaboration software provider, and the manufacturing software division of Teradyne, a manufacturer of test equipment and interconnection systems for electronics manufacturers. In the year since the merger, Visiprise exceeded its revenue targets, increased its customer base through the addition of six new customers, completed 24 new deployments across the globe, and received additional software and services orders from 58 existing customers.
New customers include two Fortune 100 companies in the aerospace and defense industry, three global electronics companies, and a large medical device company, which represents a new market for Visiprise.
Product development milestones included the release of Visiprise Manufacturing 3.0 and meeting development targets for version 3.2, which will be released in Q2 2004. The company also began the initial requirements processes for Visiprise Manufacturing 4.0, which is expected to further solidify Visiprise Manufacturing as the premier MES solution in the electronics, automotive, aerospace and defense industries.
Visiprise also focused on enhancing its ability to support customers throughout the world. In 2003, the company rolled out a worldwide support model for the global customer base and now has three support centers in North America, Europe and Asia.
On the partner and business development front, milestones for the year include a signed OEM agreement with Pilgrim Software to provide closed-loop corrective and preventative action (CAPA) and further commitments to the UGS Solutions (formerly EDS PLM Solutions) relationship. Visiprise and UGS Solutions have developed and released a closed-loop integration between UGS's flagship Product Lifecycle Management solution called Teamcenter and the Visiprise Manufacturing product, that connects design to the point of manufacture.
Visiprise is the leading provider of software solutions for real-time visibility and control of manufacturing operations for discrete manufacturers. For more information, visit www.visiprise.com.