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Eyelit Announces Record Fourth-Quarter and Full-Year Revenue Growth for 2015 from its Manufacturing Execution (MES) and Quality Management (QMS) Software

Eyelit’s 30% year-over-year revenue increase driven by key wins at Fortune Global 500 companies

July 7, 2016 3:40 PM Eastern Standard Time
TORONTO—(BUSINESS WIRE)—Eyelit Inc., a manufacturing software provider for visibility, control, and coordination of manufacturing operations for the aerospace & defense, discrete electronics, life sciences, medical device, semiconductor, and photovoltaic (solar) industries, announced today its continued revenue growth for both the fourth quarter and 2015 calendar year and increased company profits for 2015.

Business Results

The success of Eyelit’s fourth quarter of 2015 was attributed to increases in services and support revenues. The revenue growth for the fiscal year was over 30% in comparison to the 2014 fiscal year. Revenues from software licenses and support saw an increase by 40%, which was also for the full year. The surge in revenue was accredited to several new sales to companies on the Fortune Global 500 list, as well as major expansion of one of Eyelit’s customers, which ranks among the top 100 of Fortune Global 500 companies. North America was the largest regional contributor to Eyelit’s revenue growth, followed by Europe and then Asia.

“2015 was another great year for Eyelit, and our increase in software license sales will generate significant future business for us,” stated Dan Estrada, Eyelit’s Vice-President of Sales and Marketing. “Last year marks the highest revenue and greatest number of concurrent deployments to date. As a result of increases in support revenue from our extended customer base, we were able to increase our staff to support the demand. The latest introduction of new products will lead to even more opportunities with new and existing customers.”

Eyelit’s 2016 User Conference

The recently concluded Eyelit User Conference had a record 50% increase in attendance as compared to the previous user conference. Customers presented their success stories and gave well-received advice on best practices during the sessions. Eyelit previewed forthcoming new modules for harnessing big data with Eyelit Analytics™ and enabling the Internet of Things with Eyelit EquipmentConnect™. Through Eyelit EquipmentConnect’s integration capabilities, companies will no longer require third-party software for cell control or direct tool connectivity. Eyelit also introduced its third-generation MES Operator client.

About Eyelit Inc. (www.eyelit.com)

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, life sciences, medical device, 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 maximize efficiency and value. More than 50 leading companies, including Ascent Solar, austriamicrosystems, CEA-Leti, CEITEC, eMagin, FLIR Systems, Innovative Micro Technology (IMT), Kionix, Mellanox Technologies, Mentor Graphics, Murata Electronics Oy, Northrop Grumman Corporation, NXP Semiconductors, PerkinElmer, Raytheon Company, SEMATECH, TowerJazz, Umicore, and X-FAB Silicon Foundries rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.

Contact
Eyelit Inc.
Colleen Mauthe
Tel: +1 905 502 6184
info@eyelit.com

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"Eyelit is one of a new breed of production management suppliers that "gets it" when it comes to plant software. This is what manufacturers need in order to enhance enterprise performance in real time."