Innovative new software and expansion spark over 30% year-over-year revenue growth for the first quarter of 2013
May 7, 2013 2:55 PM Eastern Time
TORONTO, Canada—(BUSINESS WIRE) Eyelit Inc., a manufacturing software provider for visibility, control, and coordination of manufacturing operations for the aerospace & defense, discrete electronics, semiconductor, and photovoltaic (solar) industries, announced today its continued rapid growth throughout the first quarter of 2013.
Eyelit continued its growth in the first quarter of 2013 by increasing revenues by more than 30% in comparison to the first quarter of 2012. First quarter revenues increased in each of Eyelit's key business areas of software licenses, professional services, and customer support. The growth in services year over year for the first quarter was especially notable since services revenue in the first half of 2012 had tripled year over year. "We have been executing more concurrent and larger projects than ever before," stated Dan Estrada, Eyelit's Vice-President of Sales and Marketing. "Combined with the expansion of our product portfolio during the past year and again this year, we have increased the number and magnitude of opportunities to help our customers implement our state-of-the-art solutions."
Fast implementations and multiple industries
Once again, Eyelit has proven its ability to support MES implementations in very short timeframes for large and small companies, and in a variety of industries, including semiconductor, MEMS, and micro display. One of the projects was started and completed in merely 10 weeks during the first quarter. That deployment also highlighted the flexibility of the system to support hybrid high-tech manufacturing, which combines front-end wafer fab, back-end semiconductor packaging, and test operations along with virtual-imaging technologies. A Fortune 500 company in the aerospace and defense industry that is replacing a legacy Workstream MES from Applied Materials also went live in production during the quarter, highlighting the ease of migration from old systems. A range of projects during the first quarter also span from semiconductor foundry, micro display, MEMS, outsourced semiconductor, to solar, as well as companies specializing in hardware design and R&D of microelectronics.
After releasing its new Eyelit Automated Data Services™ and Eyelit Mobile Web Portal™ modules, as well as version 5.0 of the Eyelit product suite in 2012, the company is announcing two more new modules this quarter. Eyelit Dispatching™ and Eyelit Special Processing™ will be available for general release along with other enhancements in Eyelit MES version 5.1 this year. Customers will have the opportunity to learn about the benefits of Eyelit’s new and enhanced products directly from their peers at the 2013 User Conference that will be held September 30 – October 2 at the Loews Coronado Bay Resort in San Diego, California. In addition to demonstrations of these products by Eyelit staff, the early adopter customers are slated to present case studies of their success stories in collaborative sessions.
Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enable its customers to rapidly and cost-effectively optimize production and company processes.
With exceptional customer service, Eyelit has time and again proven that superior innovative technology can increase efficiency and value. More than 50 leading companies, including Ascent Solar, austriamicrosystems, CEA-Leti, eMagin, FLIR Systems, Freescale Semiconductor, M/A-COM Technology Solutions, Nemotek Technologie, Mentor Graphics, SEMATECH, TowerJazz, Stion, Umicore, and Murata Electronics Oy, rely on Eyelit as a trusted software partner. Follow us on LinkedIn and Twitter.
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