CHARLOTTE, N.C. -- (BUSINESS WIRE) -- Camstar Systems, Inc. announces record revenue for 2013. License revenue, a key indicator for profitability and growth, increased 102% over the prior year, and total revenue was up 31% over the same period. This marks the fourth year in a row of year over year revenue increases for Camstar.
New customers in Camstar’s target industries – Medical Device, High Tech, and Semiconductor – recognized the operational and quality improvements that are enabled by Camstar’s innovative Enterprise Manufacturing Execution System (MES) and accounted for 58% of the total revenue. Additional investment from existing customers comprised 42% of total revenue, as a result of continued and expanding value they received from Camstar products.
Camstar’s success can be attributed to their robust, easy-to-use product offering in the Camstar Enterprise Platform. The Camstar Enterprise Platform is a foundation for global manufacturing and product innovators, enabling them to achieve top quality, maximum efficiency and ensured compliance. “We have invested heavily in our products to enable quicker time to value for our customers; which makes it easier for them to respond rapidly to the many product and process changes driven by their customer expectations,” said Scott Toney, CEO of Camstar Systems.
Camstar expects future growth as it releases additional product capabilities for global multi-site deployment, manufacturing process change management, and shorter deployment cycles. Mr. Toney said, “We continue to invest in our Global Services organization of exceptionally talented professionals serving the US, APAC, and EMEA regions. This enables global manufacturers to realize additional benefits from multi-site deployments.”
Speaking to the future growth of Camstar, Mr. Toney says, “This is just the beginning, as we have a strong pipeline of innovation that will create more value for our customers, allow them to build on their existing investments, and allow them to manufacture anywhere in the world with confidence.”
About Camstar Systems, Inc.
Camstar provides the world’s easiest to use and most robust manufacturing execution systems (MES), enabling global networks of manufacturers, brand owners and suppliers to produce the highest quality products, quickly and efficiently. For nearly 30 years, Camstar has served hundreds of satisfied customers worldwide. For more information, please visit www.camstar.com.