CONCORD, Mass. — aPriori, a provider of enterprise product cost management software solutions, today announced record results for its 2013 fiscal year completed April 30, 2013. The company reported new highs in revenues, bookings, numbers of new customers and recurring revenues. The growth was fueled by strong performance in Europe; continued penetration in automotive, high tech, energy, industrial equipment and transportation; the expansion of existing North American and European customer deployments, as well as new capabilities in its late 2012 software release.
Important milestones for the company in FY 2013 include:
- Revenues grew 84% year over year.
- Bookings grew 48% year over year.
- International revenues grew 367% year over year.
- Existing customers renewed at a rate of 90% - for the 5th consecutive year.
- New customers in all geographies drove a 62% expansion of the customer base.
aPriori’s product cost management software leverages computer-aided design and intelligent cost models to quickly and automatically generate detailed manufacturing analysis and cost estimates and to quantify the impact of changes to product design, materials, manufacturing processes, volumes and location in real time. The software also enables users to leverage product cost data hosted in other critical enterprise applications to communicate product cost information between all functional organizations involved in product definition and delivery. This includes the import of complex engineering Bills of Materials (BOMs) from ERP, PLM or other enterprise applications.
“We’re seeing manufacturers take a more systematic, enterprise-wide view as they look at new opportunities to drive product profitability and accelerate cycle times,” said Stephanie Feraday, aPriori’s president and chief executive officer. “aPriori is particularly well positioned to help them do that. Our users can integrate and leverage important information from their other enterprise applications to support cost tracking in new product development, evaluate product design alternatives at the functional group or complete product level, and understand the cost implications of different tradeoff decisions. As a result, they are multiplying the impact and ROI of their cost management efforts.”
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. Using aPriori’s real-time product cost assessments, employees in engineering, sourcing and manufacturing make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and avoid overpaying for sourced parts. To learn more about aPriori and its product cost management solutions and services, visit www.apriori.com or call 1.978.371.2006.