Microvellum Beats Forecasted Growth Targets in 2015
Central Point, Oregon – September 1, 2015 – Microvellum Inc., a leading cabinet and manufacturing software provider, specializing in AutoCAD based CAD/CAM/CIM technologies for the woodworking industry, today announced another solid growth quarter, with business up over 45% in the first half of 2015.
Month-by-month in 2015, Microvellum has exceeded its expected growth rate, fueled by improvements to customer service, support, product strength, a rebounding economy and a focus on user group feedback.
“We had a growth target of 15% over last year for 2015. After taking a look at our sales performance from the first half of this year, we’ve already surpassed that goal by 32%.” commented David Fairbanks, Director of Operations for Microvellum, Inc.
Most of the growth was seen in the United States, Australia and Canada. Early results from the third quarter of this year indicate that Microvellum will once again beat its forecasted growth target.
In addition to the many new customers that have been added this year, Microvellum also reports that they’ve had a large number of existing customers renew their maintenance subscriptions and upgrade to the latest releases of their software.
“There’s no doubt that our product sales are exceeding expectations this year. We are also seeing more and more companies sticking with their support & maintenance subscriptions than ever before. In fact, we are maintaining a 108% retention rate. That means we are not only keeping current customers, we are also attracting more customers that have been running older versions or have been without a maintenance subscription for many years.”
Microvellum reports that the increased functionality combined with the improved stability has been the driving force behind many of its customers decisions to upgrade and get current with their Microvellum Subscriptions and Software.
To support the demand for its products, Microvellum has added four new Product Support Agents to their 24-hour Global Support Team, three new Service Technicians and three new Software Developers in 2015. According to their website, www.microvellum.com/careers/, they are continuing to expand and are currently seeking additional skilled individuals to join their growing Account Management, Support, Service and Development teams.
“We continue to focus on improving our products and our customer service strategies. We’ve added substantial value to our latest releases, making our solution more competitive and affordable.”
“Companies choosing to upgrade gain access to more features within their software; features that were once sold separately. This value-add strategy is paying off and our users are benefiting from the added functionality.”
Microvellum’s 2015 R4, to be released mid-October, will be a significant release and will introduce many new features, enhancements, and improvements developed to expand user capabilities and productivity. With a focus on improvements to nest optimization algorithms, sawing optimization, 2D drawing tools, solid model analyzation, time tracking, shipping management and the addition of an all new carcass-based product library that features simplified formula logic and maintenance, this latest release is expected to be one of the most feature-rich and stable versions to date.
With the release of Toolbox OEM 2016 (AutoCAD), users will notice enhancements to drawing speed, improved graphics, rendering, lighting controls, text input, and simplified dimensioning and editing.
“We are committed to providing the very best user experience and cutting-edge technology for the woodworking industry. Looking ahead, our customers can expect more innovative advancements engineered to enhance user efficiencies, productivity, and capabilities.” concluded Fairbanks.
Founded in 1991, Microvellum Inc. is a leading cabinet design and manufacturing software provider, specializing in AutoCAD based CAD/CAM/CIM technologies. Microvellum is headquartered in Central Point, Oregon and has offices throughout North America, Europe, Australia and New Zealand. Microvellum offers a single-source solution for 2D & 3D drawings, production reporting, labeling, job management, estimating, nested optimization, direct g-code generation and more. To learn more about Microvellum, visit Microvellum.com.