ModuleWorks Announces Record Year with Revenue Up 30%
 AACHEN,
Germany, Jan 13, 2012 - ModuleWorks, the leading supplier of CAD/CAM components for 5-axis and 3-axis toolpath creation and CNC simulation, are delighted to reveal that 2011 has been
a record year for the company.Revenue has increased by an impressive 30% and
there have been a total of 20 new sales, including 12 completely new partners. Of particular interest is the success achieved in new geographic markets,
including China, Korea, Turkey and Russia. Establishing a presence in
these markets is expected to lead to further growth in future years.
It has been a record year for custom development projects with five major
development projects taking place during 2011. The synergies between these
development projects and the core product development allow these projects to be
delivered in a highly efficient, cost effective manner, while also allowing the
developments to be leveraged into improving the core products.
The new 5-Axis Multi-blade product had a successful launch and is already
achieving very positive results. Further developments during 2012 are expected
to see our partners get the full benefits of this new technology.
New products have been launched which allow the ModuleWorks technology to be
applied to Dental CAD/CAM and Woodwork CAD/CAM. These industries are able
to benefit from the 200+ man-years of development effort that have already been
invested in the core products and so deliver very impressive results in a short
time.
The single most successful product during 2011 has been the ModuleWorks
Simulation Component, both being adopted by many existing partners and
attracting new partners. Already more than 50% of ModuleWorks partners are
using ModuleWorks Simulation, and this is expected to increase during 2012.
The ModuleWorks Simulation Component has also been popular with CNC companies
looking for Simulation and Verification on the control. A number of
collaborations are in progress with the aim to making this dream a reality.
Yavuz Murtezaoglu, Managing Director for ModuleWorks, adds “We are delighted
with the successes of 2011 and have invested heavily to achieve further growth
during the coming years. We are fully committed to developing high quality
CAD/CAM technology and making it available to a large number of end users at an
affordable price. Given the high cost of development, we are convinced
that providing component software and working closely with our partners is the
most effective way to achieve this. Finally, I would like to wish
continued success to all of our partners during 2012.”
About ModuleWorks
ModuleWorks is a software component provider for the CAD/CAM industry.
ModuleWorks’ expertise in 5-Axis simultaneous machining and Simulation is
recognized throughout the CAM industry and its software components and
development services are used by the majority of the leading CAM vendors.
ModuleWorks 5-Axis and Simulation software has been used in the manufacture of
complex parts for over a decade and they have many 1000’s of users in the global
CAD/CAM industry.
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