AUBURN HILLS, Mich.— Plex Systems Inc., provider of Plex Online, Cloud ERP for manufacturers, today announced its financial results for the second quarter ending June 30, 2012. Total revenue for the quarter increased 24 percent. Recurring revenue increased by 35 percent.
Note that as a private company, Plex Systems does not release dollar values for its revenue and profitability figures.
In June, Plex Systems announced its pending acquisition by Francisco Partners, a leading technology-focused private equity firm. Francisco Partners identified Plex Systems as an early mover in the Cloud ERP market with significant recurring revenue and strong growth opportunities. In the second quarter, the company grew by adding 13 new customers and 25 employees. It now has 245 people on staff, an increase of 40 since the beginning of the year.
In addition, at its 11th annual PowerPlex user conference, Plex Systems announced two enhancements of Plex Online that are important to Plex Systems customers:
- IntelliPlex — a business intelligence tool that enables the creation of sophisticated reports and dashboards to help manufacturers make immediate, data-driven decisions
- Plex Online community driven development — a collaborative ecosystem consisting of Plex Online users, Plex Systems partners and Plex Systems developers
“We had an eventful and successful second quarter,” said Mark Symonds, Plex Systems president and CEO. “Francisco Partners supports our potential to grow and strengthens our ability to enhance Plex Online and provide the highest quality service to our community of Plex Online users.”