ConsenSys Announces 150% Gain in Licensed Users, Doubles Customer Base; Year-end Results Show Strong Growth for Software Company.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Aug. 5, 1996--ConsenSys Software Corporation, developer of ConsenSys RapidPDM (product development management) software and the market leader in RapidPDM, today announced that the number of licensed ConsenSys users grew by nearly 150% to 1,590 in the past fiscal year, which ended on June 30. In addition, the privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. doubled its corporate customer base, licensing 27 new customers in the fiscal year. "This strong growth, as well as the second-round financing we received during the year, confirms that ConsenSys RapidPDM is gaining momentum in the marketplace," said David Hurwitz David Hurwitz is a classical music writer, record reviewer, and percussionist. He has written reviews for High Fidelity, Fanfare, the website Classics Today (as founder and Executive Editor), and Amazon.com. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ConsenSys Software. "This growth also underscores the need for software that helps companies drastically cut their product development cycles and bring products to market more quickly. Managing product development -- which includes concurrent engineering, the development of product structures, and the library management of intellectual property -- has become a hyper-critical issue for highly-engineered manufacturers." Hurwitz noted that PDM (1) (Product Data Management) An information system used to manage the data for a product as it passes from engineering to manufacturing. The data includes plans, geometric models, CAD drawings, images, NC programs as well as all related project data, notes and is an issue that has largely been ignored by standard manufacturing automation systems, such as CAD or MRP (Material Requirements Planning) An information system that determines what assemblies must be built and what materials must be procured in order to build a unit of equipment by a certain date. , that focus on design automation and logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet . "One of the big selling points of ConsenSys is its rapid implementation time," said Hurwitz. "New customers such as Akashic Memories, Altera, Alcatel Comptech, Coherent, NetFRAME, and PairGain have been able to get their ConsenSys RapidPDM systems up and running in approximately three months." Enthusiastic Customers Customers are enthusiastic about the capabilities of ConsenSys RapidPDM. Multipoint Networks, for example, saw a 400% productivity gain in engineering change notice processing in one year, and grew its custom business from zero to 25% of sales. "ConsenSys has provided us with an important competitive advantage," said Philip R. Marson, Multipoint's senior vice president of sales and marketing support. "We can make product changes quickly, which results in reduced delivery times. We have more satisfied customers and have actually increased our productivity." ConsenSys RapidPDM also helps users improve the quality of their procedures and lower the cost of complying with quality standards such as ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 and FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. GMP GMP (guanosine monophosphate): see guanine. . Only six months after installing ConsenSys, a Siemens Energy and Automation plant in Johnson City Johnson City. 1 Village (1990 pop. 16,890), Broome co., S N.Y., in a tricity area including Endicott and Binghamton; inc. 1892. It has been noted for its Endicott-Johnson shoes. , Tenn., underwent an ISO 9000 audit. "Our document control score was the highest the auditor had every awarded," said Jim Smail, manager of engineering services. ConsenSys RapidPDM ConsenSys RapidPDM is an off-the-shelf, client/server solution that allows manufacturers to quickly and easily implement an enterprise-wide solution for streamlining the product development cycle by automating document control, product release, and engineering change management. All departments can rapidly develop consensus about product development activities and immediately communicate it to everyone. The company's products now include ConsenSys Complete, with an embedded relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. that can support approximately 300 users; and ConsenSys Open, which runs on the Oracle 7 database and lets users integrate ConsenSys with other client/server applications corporate-wide, taking advantage of the existing corporate infrastructure for administration and reporting. All ConsenSys products run on standard Windows and Macintosh clients, and across standard networks. The company supports Novell NetWare, Windows NT, Sun Solaris, and Hewlett-Packard HP/UX HP/UX Hewlett-Packard UNIX operating system HP/UX Unexploded Human Particulate Operating System as database servers. Interface utilities for Oracle Applications, MANMAN, Expandable, and other MRP Systems are also available. The RapidStart implementation pack, included with every ConsenSys RapidPDM software system, ensures that customers can implement ConsenSys software rapidly and successfully and that the customers' business goals are clearly met. Coupled with RapidStart service offerings, ConsenSys provides customers with the fastest implementation time in the business; the ConsenSys system can be up and running in only one to three months, without disrupting on-going operations. About ConsenSys ConsenSys Software Corporation, founded in 1991, is a privately held software developer headquartered in San Jose, Calif. The company provides RapidPDM (product development management) systems to manufacturers operating in an environment of rapid product change. The ConsenSys software streamlines product life cycles by automating document control and revisions, product release, and engineering change management throughout the manufacturing organization. The software helps manufacturers achieve the benefits of concurrent engineering and supports ISO 9000 and FDA GMP compliance. ConsenSys Software Corporation customers include Alcatel Comptech, Eaton, Hyundai, Ingersoll-Rand, Johnson Matthey, Multipoint Networks, Siemens Energy and Automation, Target Therapeutics, and others. -0- Note to Editors: ConsenSys, RapidStart and ConsenSys Software Corporation are trademarks of ConsenSys Software Corporation. All other trademarks are the property of their respective holders. CONTACT: ConsenSys Software Corp. Lynn McLeod, 408/271-0420 or Martell Communications Colleen Martell, 408/252-2913 |
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