Plex finds itself $50 million richer this summer after landing big financing investments from T. Rowe Priceand Accel Partners. The Troy-based company makes cloud-based ERP software for manufacturers. Plex describes its software platform as built from the plant floor up, enabling users to increase productivity and profitability at existing facilities by streamlining the manufacturing process.
Manufacturing ERP Success Stories from the Plant Floor Read the Businessweek article that features manufacturing leaders that use the Plex Manufacturing Cloud to transform their business: Ralco’s 60,000 square foot factory: people, machines, materials and financials are managed in the Plex cloud. CEO, Tom Gitter says, “Without it we’d be dead.” Inteva runs their manufacturing facilities in the cloud. They moved from legacy SAP systems, resulting in an 80% reduction of expenses and better visibility across their twenty-six facilities. Download the PDF or view the article at Businessweek. Read the customer success story for Ralco Industries and Inteva Products.
PMA Chairman for 2014 Jody Fledderman, president and CEO of Batesville Tool and Die, puts his money on servo-press technology, 3D printing and other leading-edge technology to stay ahead of demand for automotive stamping.
Earlier today, Saugatuck had a good call with Jason Blessing, the new CEO at Plex Systems, who joined the company in early 2013. Saugatuck has been tracking Plex for more than 5 years – as we have long viewed it as an innovator in Cloud-based business software targeting primarily disc
December 31, 2012: Nucleus Research: Plex Raises $30 Million to Extend Its Cloud ERP September 11, 2012: Chainlink Research: Cloud-based ERP for Manufacturing March 19, 2012: Gartner: Cloud Computing and SaaS Adoption in Manufacturing and Natural Resources, Worldwide, 2012 November 1,