|By PR Newswire||
|February 12, 2013 08:01 AM EST||
CUPERTINO, Calif., Feb. 12, 2013 /PRNewswire/ -- Ultriva, a leader in collaborative supply chain solutions, today announced year-end 2012 results which include customer and vertical milestones, product enhancements and strong overall company growth across all dimensions of its business.
In 2012, Ultriva experienced strong customer adoption including accelerated momentum in key vertical segments such as aerospace and defense, medical device and healthcare. Additionally, the company delivered a major upgrade to its product offering with a module that incorporates innovative social media concepts, an integrated 'Inventory Optimization Tool' and a 'Collaborative Request For Quotation' (RFQ). These are targeted for manufacturers building complex products that require many components and a long lead time supply base.
New milestones achieved during the year include:
- 240 percent growth in profitability
- Ultriva is now installed at 175 customer plants
- 24 percent increase in license revenue
- Established a centralized support center to provide free technical and application support for Ultriva's customers
- Established new partnerships including the Kaizen Institute, which has over 350 consultants worldwide promoting continuous improvement methodologies
- 20 percent overall employee growth; much of the growth in the company's Sales and Engineering departments
"We are proud to be closing out another great year, highlighted by major customer wins in new verticals and strong profitability growth," said Narayan Laksham, CEO of Ultriva. "Our global customers select Ultriva to help them achieve maximum inventory velocity through demand-driven supply chains. 2013 will be the year that we emphasize expansion into Japan, Brazil and Europe to meet demand from existing and potential customers."
Current supply chain management systems often lack the tools necessary to quickly and cost effectively react to the constant stream of changes in customer demand, production schedules and supply deficiencies that are so common in today's global markets. Having to rely on different systems with multiple tools is often expensive, time-consuming and inefficient. Ultriva's technology supports true collaboration and execution between manufacturers and their supply chain partners to enable seamless performance and increased revenue.
Ultriva's cloud-based collaborative supply chain solutions solves challenges by creating a demand responsive network that extends from manufacturer's customers, through their plants and out to their supply chain partners. Global manufacturers using Ultriva benefit from more responsive and flexible supply networks and reduce inventory costs by an average of 35-40 percent per plant and improve customer delivery performance.
Ultriva solutions are helping manage the supply chains and improve the inventory velocity of leading industrial manufacturing, healthcare, aerospace and logistics firms including ATK, CareFusion, Emerson, McKesson, Ingersoll Rand, Regal Beloit and Thermo Fisher. Ultriva's 98 percent customer retention rate over the last decade and year-over-year growth has propelled it into 175 manufacturing plants in over 20 countries worldwide. Ultriva's cloud-based supply chain solutions are being used to transact over $2.5 billion of material spend on an annual basis and have contributed to over $400 million in inventory savings for its customers. For more information, visit www.ultriva.com, call us at: (408) 248-9803, or email us at [email protected].
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