Plex Systems Boasts 11 Consecutive Years of Double-Digit Revenue Growth

TROY, Mich., March 27, 2020 /PRNewswire/ -- Plex Systems, which delivers the first smart manufacturing platform, today announced it achieved its 11(th) consecutive year of double-digit revenue growth in 2019. Plex business unit DemandCaster, the leader in cloud software for agile, end-to-end supply chain planning, also achieved a 53% jump in ARR last year. Nearly 700 manufacturers in 29 countries now use Plex solutions to connect, automate, track and analyze every aspect of their business--from the shop floor to the top floor--to drive business transformation. In the last year, Plex cloud solutions have achieved an industry leading 96% renewal rate and 99.99% up-time.

"The MPI Corporation transformation team identifies and implements digital strategies, technologies, and projects that help the company expand employee engagement, reduce risk, and increase competitive advantage in the market," said Bob Bierwagen, vice president of digital strategy at MPI Corporation. "Our Plex Industrial IoT pilot is a significant differentiator for MPI, and is helping drive measurable value by reducing unplanned downtime and maintenance costs by up to 25%."

Plex Supports Leading Manufacturers
Customers that selected Plex in 2019 include category leaders in the aerospace, automotive, fabricated metals, food and beverage, industrial machinery, and plastics and rubber industries:

    --  EIS Wire and Cable Company, located in Massachusetts, specializes in
        manufacturing a wide range of custom design and standard construction
        products, from single conductor hook-up wire to complex multi-conductor
        composite cables.
    --  Vulcan, Inc., is at the forefront of the traffic control industry. The
        company manufactures aluminum coil, aluminum blanks and sheet, traffic
        signs, utility signs and markers and custom metal stampings in their
        five facilities in Alabama.
    --  Taylor Power Systems, headquartered in Mississippi, designs, engineers,
        manufactures, and services generators for the oil and gas, industrial,
        commercial, business, health care, telecommunications, municipalities,
        agricultural, and any standby or prime power needs.
    --  LeoStella is a state-of-the-art satellite design and manufacturing
        company transforming constellation construction by building smallsats
        cost-effectively and at scale.

Plex Expands its Smart Manufacturing Platform

    --  Plex Industrial IoT gives manufacturers insights into machine
        performance, quality, productivity, and avoid unplanned downtime.
        Industrial IoT connects machines, processes, and systems and collects
        and contextualizes information in real-time to drive better
        decision-making at all business levels.
    --  Plex Manufacturing Execution Suite (Plex MES) offers flexibility to
        manufacturers who are looking to gain shop floor control and visibility
        by using Plex's best-of-breed manufacturing operations capabilities.
        Plex MES is a right-sized solution ideal for companies that are
        committed to an enterprise business system while looking to optimize
        their operations.
    --  Gartner recognized Plex Systems as a Challenger in the 2019 Magic
        Quadrant for Manufacturing Execution Systems. (1) For this report,
        Gartner evaluates vendors on their Completeness of Vision and Ability to
        Execute. Plex is positioned furthest for Completeness of Vision in the
        Challengers quadrant and has improved its position on the Ability to
        Execute axis compared to the previous year.

Plex Adds Offices, Grows Leadership Team Globally

    --  Plex opened an office in Prague to provide increased levels of local
        services and support for the growing number of Plex customers with
        plants in Europe.
    --  Plex relocated its India office to a larger space closer to the city
        center of Pune. The company also recently named Sam Prabhu as VP of
        engineering and managing director of the India office. Future growth
        will include global customer services and support.
    --  Plex expanded its leadership team in 2019, adding Robin Saitz as chief
        marketing officer; Todd Kisaberth as chief customer officer; Brad Hafer
        as group vice president of corporate development; and Cathy Pitt as
        chief security officer.

Plex Has an Award-Winning Culture

    --  Plex earned its 7(th) inclusion in the National Best and Brightest
        Companies to Work For® list, which recognized Plex for its commitment
        to better business, enriching the lives of its team members, and helping
        build strong communities.
    --  For the 11(th) consecutive year, Plex was included in the Metropolitan
        Detroit's Best and Brightest Companies to Work For® list, based on
        direct employee surveys.

(1)Source: Gartner, "Magic Quadrant for Manufacturing Execution Systems," Rick Franzosa, 29 October 2019

Gartner Disclaimers
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Plex Systems
Plex Systems, Inc.® delivers the first smart manufacturing platform that empowers the world's leading innovators to make awesome products. Plex gives process and discrete manufacturers the ability to connect, automate, track and analyze every aspect of their business--from the shop floor to the top floor --to drive business transformation. Built in the cloud, the Plex Smart Manufacturing Platform includes MES, ERP, supply chain management, Industrial IoT, and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility in an ever-changing market. Learn more at

©2020 Plex Systems, Inc. All rights reserved. Plex Manufacturing Cloud and the Plex logo are registered trademarks of Plex Systems, Inc.

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