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Eyelit Inc. Announces Record-High Revenue and Profit in the Second Quarter of 2012

Eyelit achieves a 40% year-over-year boost in revenue for the first half of 2012

August 17, 2012 5:56 PM Eastern Daylight 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, announces outstanding growth in the first half of 2012.

Business Results

In the first half of 2012, Eyelit’s revenue increased in key aspects of the business, namely software licenses, professional services, and product support. A large number of sales to new customers drove the dramatic growth, resulting in a threefold increase in services revenue as compared to the same period in 2011. The overall, second-quarter revenue was the highest in the company’s history. Accordingly, Eyelit is hiring additional staff in North America, Asia, and Europe, and securing new business partnerships in Asia in order to keep pace with the rapid growth.

Migrations from Legacy Systems

Eyelit’s customer base continued to expand with companies that wanted to move away from legacy systems and adopt Eyelit’s technologically advanced MES. Key wins were companies from the Applied Materials customer base, including Eyelit’s first customer to migrate from Applied Materials’ FactoryWorks MES. Following its success in migrating several of its customers’ PROMIS MES sites, Eyelit is now helping other customers migrate from FactoryWorks, WorkStream, and other aging systems. Common factors in customers’ decisions to switch to Eyelit include reduced costs and risks, and elimination of many custom applications, which had been developed in-house to fill functional gaps in old systems.

Product Development

In addition to product enhancements, two new software modules were released in the first half of 2012 to address customer requests. The Eyelit Mobile Web Portal™ provides “anywhere access” to manufacturing and quality information through smartphones, tablets, and other portable, web-enabled devices. The Eyelit Automated Data Services™ module incorporates innovative scripting capabilities to enable end-users to automate communications between factory systems and enterprise applications, resulting in a significant reduction in the cost and complexity of data integration.

"Eyelit’s record growth is a testament to the inherent value of our software solutions and our entire team. We are thrilled to help so many companies make quantum leaps in technology by implementing our state-of-the-art manufacturing solutions to keep pace with their evolving business and information technology needs,” stated Dan Estrada, Eyelit’s Vice-President of Sales and Marketing. “In addition to this success, we recently concluded one of Eyelit’s largest deals, which is not included in our record second quarter. We expect the second half of 2012 to be an exciting time for Eyelit and anticipate more record-breaking achievements."

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, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Factory Integration (Automation), Manufacturing Execution (MES/MOM), Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enables 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 A123 Systems, Ascent Solar, austriamicrosystems, CEA-Leti, FLIR Systems, Freescale Semiconductor, Global Communications Semiconductors, M/A-COM Technology Solutions, Nemotek Technologie, Mentor Graphics, SEMATECH, TowerJazz, Stion, Umicore, and VTI Technologies, rely on Eyelit as a trusted software partner.

Eyelit Inc.
Colleen McArdle
Tel: +1 905 502 6184

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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."