Product lifecycle management software provider reflects on history, looks to the future
San Jose, CA — May 12, 2005 — Product lifecycle management (PLM) solutions provider Agile Software Corp. said it is celebrating its tenth anniversary this year, touting its more than 10,000 customers worldwide in industries such as automotive, aerospace and defense, consumer products, electronics, high-tech, industrial products, and the life sciences.
Agile plans to host anniversary celebrations across its worldwide office locations to commemorate the event.
Coinciding with the rise of the Internet, Agile said it launched its first product record solution in early 1996. Between 1995 and 1998 the company's revenues grew 500 percent year over year. In August 1999, Agile completed an initial public offering of its common stock on the NASDAQ Market under the trading symbol AGIL. Just three months later, Agile acquired Digital Markets, the first of seven acquisitions Agile has made to date, including Cimmetry Systems, acquired in February 2005.
Agile has had a total of 11 product releases, including the launch of Agile Advantage, an on-demand PLM solution for small and medium-sized customers, in late 2004 and Agile e6 for complex engineered products.
Agile added that it has a worldwide presence with development centers in China, Germany, the United States, India and Canada; and central sales/support operations in Switzerland, the United Kingdom, Germany, Taiwan, Japan, Canada and China.
"Agile was born out of the need to connect innovators with manufacturers as outsourced production became a reality for the world's leading manufacturers," commented Bryan Stolle, Agile CEO. "A well-managed product record is critical to this transition, and Agile delivered a solution that was unique and superior in two respects. First, it expanded beyond engineering applications to meet the needs of business operations, such as manufacturing, materials, supply-chain, field service, sales and marketing, and logistics. Second, it made use of the Internet to deliver its solutions, which meant that product collaboration across many companies and partners could happen remarkably faster and cheaper than before."
In a May 2004 report, Boston-based AMR Research predicted that the PLM total market revenue will reach $14.5 billion in 2008. According to the same report, PLM total market revenue reached $11.3 billion in 2004 alone.