AMR Research: "Plex Systems Flexing Its Muscles in SaaS ERP"February 11, 2009
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by Jeffrey Freyermuth, Simon Jacobson
AMR Research recently met with Plex Systems CEO Mark Symonds to get a business update and discuss his outlook for 2009. Despite a collapsing economy, the company grew top-line revenue by 33% and added 50 new customers in 2008. 75% of the deals were full system sales, with the average deal size increasing 54%. And while most of Detroit has been reeling, 12 of the 16 deals in 4Q08 were in automotive. One massive success Plex has built off was its Inteva win in mid-2008.
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