WEST SPRINGFIELD, Mass. – MTI Systems, Inc., leading provider of cost estimating software (Costimator) and services (Should Cost Estimating Service), today announced record results for 2011, its 29th year in business. The company reports significant growth in bookings and number of new customers -- both in the U.S. and overseas.
2011 record milestones include:
· Overall new customer bookings were up 145%
· International sales, which were at record highs in 2010, were up again by 175%.
· MTI Systems’ Should Cost Estimating Service Division revenues were up 66%.
New Costimator System implementations in 2011 were completed in over a dozen countries throughout the world, including the Netherlands, China, Canada, Portugal, USA, Mexico, Turkey, Israel, Indonesia, Italy, Germany and Poland.
“Manufacturing suppliers and OEMs, both in the U.S. and abroad, have recognized the need to understand product costs both during the product development lifecycle and the quoting process.”, remarks David LaJoie, VP Sales for MTI Systems, “Costimator provides these companies with a systematic and scientific approach to estimating that utilizes configurable, pre-built cost models and time standards that can be used and shared across the organization. The end result is consistently accurate product cost estimates that can be generated quickly and easily.”
Today MTI Systems supports hundreds of companies and thousands of its Costimator cost estimating software users worldwide. Their customers manufacture products in nearly every industry sector, including automotive, aerospace, electronics, heavy equipment, medical and consumer products.