Company Continues to Expand, Adds 45 Customers and 41 Employees
Plex Systems Inc., provider of Plex Online, Cloud ERP for manufacturers, today announced its financial results for the year ending Dec. 31, 2011. Plex Systems achieved recurring revenue growth of 32-percent compared to recurring revenue in 2010. Total revenue grew by 30-percent year over year.
Note that as a private company, Plex Systems does not release dollar values for its revenue and profitability figures.
In 2011, the company added 45 customers and 41 employees. The company also appointed S. Craig Huke as chief financial officer, and Edwin J. Gillis joined the board of directors.
“In 2011, a growing number of manufacturers from diverse industries embraced the Cloud ERP model to dramatically improve their operations and lower their costs,” said Mark Symonds, Plex Systems president and CEO. “Our community of Plex Online users improved their profitability, streamlined business processes and reduced waste as they helped drive the continuing evolution of the Plex Online software to meet their manufacturing needs. With their input, we continue to innovate, adding features and modules to Plex Online that are valuable to the entire manufacturing community.”
Awards and Recognitions
In 2011, Plex Systems received 28 awards from industry associations and publications for excellence in technology, business growth and workplace culture. Plex Online users also received 12 awards for their use of Plex Online to achieve strong business results.
2011 CODiE Business Software awards – Plex Online was recognized in all four categories for which it was nominated, including the prestigious “Best Operations Management Solution” Supercategory, which identified Plex Online as the best product among all winners in operations management-related categories.
2011 EuroCloud Award – Plex Online won the 2011 EuroCloud Deutschland Award and was also named a finalist in the European-based 2011 Supply Chain Distinction Awards program.
Detroit Free Press Top Workplaces – Plex Systems was named one of the top three midsize companies to work for in Michigan. This was the third consecutive year that Plex Systems was included in this list.
Food Logistics 100 (FL100) – Plex Systems was named, for the second consecutive year, to the FL100 list of the best technology solutions and services supporting the food processing industry.
Plex Systems employees chose Gleaners Community Food Bank and the St. Clair Butterfly Foundation as the 2011 Plex Systems focus charities. In 2011, the company raised $46,000 in various fundraisers such as wine tasting, beer tasting, silent auctions, breakfasts and bake sales to benefit the less fortunate in the local community.