InnovMetric Software Inc. proudly announced today that in fiscal year 2011 (ending March 31, 2012), its global sales revenue increased by 28% compared to the previous fiscal year. Over a period of two years, InnovMetric’s global sales revenue has increased by 69%, and the sales of its PolyWorks licenses have surged by 190% in the portable probing market.
The three major market trends that have transformed InnovMetric's business model over the past years, and that have been key contributing factors in the steady progression of its PolyWorks license sales worldwide, are as follows:
- A significant number of automotive, aerospace, and consumer product OEMs and their related business partners have deployed PolyWorks as their universal 3D metrology software platform to reduce training costs, ensure common metrology workflows through their organization, and enable corporate-wide measurement result sharing.
- The implementation of point-cloud 3D digitizing technologies has significantly accelerated in emerging markets, such as China, India, Brazil, and Thailand; high-end industrial customers in these markets have opted for PolyWorks—the only point-cloud-based metrology solution that also offers professional single-point probing capabilities.
- Customized solutions, based on the PolyWorks off-the-shelf version and its customizable interface and macro-programming language, are increasingly deployed within production contexts.
"Since 2005, we have invested considerable energy into building a world-class international technical support infrastructure to serve our global customers in their local language—wherever they are located," said Marc Soucy, President of InnovMetric Software. "These efforts are now helping us to further accelerate the implementation of PolyWorks as a global corporate 3D metrology software platform."
About InnovMetric Software
Founded in 1994 and headquartered in Quebec, QC, Canada, with subsidiaries worldwide, InnovMetric Software Inc. is the leading provider of universal 3D metrology software solutions. The world’s largest industrial manufacturing organizations (Toyota, GM, Volkswagen, Honda, BMW, Daimler, Ford, Rolls-Royce, Pratt & Whitney, Boeing, Embraer, Bombardier, Apple, and many more) trust InnovMetric’s PolyWorks® software solutions and associated technical services to maximize the benefits of 3D measurement technologies for their engineering and manufacturing applications.
With our subsidiaries and joint ventures, we have more than 150 employees across six countries: Canada, United States, China, India, Thailand, and Japan.