Thursday, September 3, 2015
Microvellum Inc., the leading cabinet and manufacturing software provider, announced another solid growth quarter, with business up over 45% in the first half of 2015.
“We had a growth target of 15% over last year for 2015. After taking a look at our sales performance from the first half of this year, we’ve already surpassed that goal by 32%.” commented David Fairbanks, Director of Operations for Microvellum, Inc. “There’s no doubt that our product sales are exceeding expectations this year. We are also seeing more and more companies sticking with their support & maintenance subscriptions than ever before. In fact, we are maintaining a 108% retention rate. That means we are not only keeping current customers, we are also attracting more customers that have been running older versions or have been without a maintenance subscription for many years.” He added further.
Month-by-month in 2015, Microvellum has exceeded its forecasted growth rate fueled by improvements to customer service, support, product strength, a rebounding economy and a focus on user group feedback.
Most of the growth was seen in the United States, Australia and Canada. Early results from the third quarter of this year indicate that Microvellum will once again beat its forecasted growth target.
In addition to the many new customers that have been added this year, Microvellum also reports that they’ve had a large number of existing customers renew their maintenance subscriptions and upgrade to the latest releases of their software.
Microvellum reports that the increased functionality combined with the improved stability has been the driving force behind many of its customers decision to upgrade and get current with their Microvellum Subscription and Software.
Tags: business growth rate, manufacturing software provider, MICROVELLUM