CHANTILLY, VA-InfinityQS International, provider of real-time statistical process control (SPC) software, has announced record year-over-year revenue growth of 35% during 2008. The record growth continues a trend, as 2007 had previously been the second best revenue year in the company’s 20-year history.
InfinityQS’ long-term growth projections spurred a workforce increase of 15% during 2008. InfinityQS’ growth is fueled by the February 2008 release of ProFicient 3. The release added fully automated data collection, real-time analysis and event generation services to the industry leading SPC software. The planned spring 2009 release of ProFicient 4 will be highlighted by new enhancements for fully automated real-time data collection and analysis, expanded SSOP and HACCP support as well as process state monitoring, compliance and OEE reporting.
InfinityQS also saw significant growth in the supply chain quality management market with eSPC, a Web-based, fully hosted SPC solution that collects and analyzes shop floor quality data while serving as a real-time quality hub for process data throughout the supply chain.
“In this challenging market environment, manufacturers’ priorities are shifting from growth initiatives to cost reduction initiatives,” says Michael A. Lyle, president and chief executive officer of InfinityQS. “Best-in-class companies are recognizing that implementing InfinityQS quality control solutions increases yield and profitability while lowering scrap, waste and rework. The ability to deliver true ROI in a short period of time positions InfinityQS as an effective solution for manufacturers looking to reduce operating costs and improve product quality.”
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InfinityQS Reports Record Growth in 2008
March 2, 2009