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Plex Systems Grows by 30 Percent in 2011

Auburn Hills, MI—Jan. 26, 2012—Plex Systems Inc., a developer of Plex Online ERP manufacturing software, achieved recurring revenue growth of 32 percent in 2011 compared to 2010, with a total revenue growth increase of 30 percent year after year.

Over the past year, the company added 45 customers and 41 employees and appointed S. Craig Huke as Chief Financial Officer. Edwin J. Gillis also 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, President and CEO of Plex Systems. "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.”

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. The company’s most notable achievements include its 2011 EuroCloud Deutschland Award; and the 2011 CODiE Business Software Awards which identified Plex Online as the best product among all winners in operations management-related categories. Plex Systems was also voted in the Detroit Free Press Top Workplaces as one of the top three midsize companies to work for in Michigan.

For more information, visit www.plex.com.

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