Company Achieves Record for New Customer Acquisition and 40% Increase in Revenue
from Prior Year
Charlotte, NC — August 28, 2008 — Camstar, the leading provider of Enterprise Manufacturing and Quality Execution solutions, today announced strong financial results for the second quarter, 2008, which ended June 30, with a 40% increase in total revenue for the quarter year over year.
The strong growth was fueled by new business, with 80% of Camstar’s second quarter revenue coming from new customers. Camstar continues to see healthy performance in the North American and European markets, and the company’s investment in infrastructure in Asia resulted in growth in that region as well.
“Our results reflect a growing focus in the industry on manufacturing operations and efficiency,” said Scott Toney, Camstar’s President and CEO. “Our customers rapidly achieve substantial benefit from their initial deployments, leading to broader global rollouts. The significant number of new accounts in Q2 is a leading indicator of Camstar’s continued rapid growth.”
Camstar’s revenue growth comes from a healthy mix of Medical Device, Pharmaceutical, Biotech, Electronics, Semiconductor, Solar, and Rolled Goods Industries. New customers in the second quarter included Hitachi Electronics, Noven Pharmaceuticals, Eagle Test Systems, Anadigics and Sang Fei, plus other well-known manufacturers.
Strong performance in the quarter was driven by the recent launch of Camstar’s new Enterprise Manufacturing, Quality and Intelligence Platform. Manufacturers now have an enabling technology to support business-driven global quality initiatives that impact product quality, performance and safety, as well as improved manufacturing efficiency and accelerated new product introductions.
About Camstar Systems, Inc.
Camstar’s Enterprise Manufacturing Execution, Quality and Intelligence platform enables “Closed-Loop Quality Execution,” the end-to-end business process that surrounds manufacturing and quality operations. Camstar’s unparalleled solution optimizes the innovation and risk equation by monitoring and controlling global manufacturing and quality, and by delivering process interoperability and best practices. The result is shorter time-to-market and time-to-volume, the highest quality products, and leaner, more efficient operations.
Designed for ultimate configurability and built on a service-oriented architecture, Camstar’s comprehensive solution set includes industry-specific, out-of-the-box applications and a proven implementation methodology that ensures successful deployment and rapid time to benefit.
More than 100 leading companies, including ZOLL, CIBA Vision, Zeiss, Stirling Medical Innovations, Favrille, AMD, Amkor, ASAT, Hitachi, IBM, Kodak, NXP (Philips Semiconductors), SanDisk, SCHOTT, Sony Ericsson and Xilinx rely on Camstar as a trusted software partner.
For more information, please visit www.camstar.com.