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MICROSOFT CORPORATION (MSFT)
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Microsoft : ProcessPro Announces Record Year for FY2017, Continued Vertical Expansion

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01/12/2018 | 03:34pm CEST

(PRWeb) - ProcessPro, leading mid-market ERP software solution company, today announced it exceeded growth targets and delivered record high revenue for its fiscal year ending December 31, 2017.

The company attributes its growth to new product development, continued vertical expansion and the strength and commitment of its corporate parent company, Open Systems, Inc.

This has been a dynamic year for ProcessPro, states Joe Blauert, ProcessPro General Manager. Combined dedication from the ProcessPro team and commitment from our parent corporation has accelerated the strategic vision for corporate growth. We look forward to partnering with a broader group of manufacturers and industry partners to continue to advance innovation at our division and corporate level, and in the marketplace as a whole.

New Product Development Backed with over 30 years of industry expertise and dedication to delivering industry-leading ERP solutions, ProcessPro announced the release of its next generation of batch process manufacturing software, Global, in late September. Built on leading-edge Microsoft technologies and designed for flexibility, ease-of-use and scalability, the Global ecosystem provides an extensive list of software applications and solutions that address the critical business needs of process manufacturers.

Corporate Development Strength With the strength of the corporate development team and leadership in innovation management, ProcessPro will continue to invest in the key areas of:

Expanding sales and marketing efforts in the Americas and internationally

Product development to further deepen functionality of solution offerings

Strategic vertical reach into emerging and existing markets

Customer and Sales Growth Increased sales of new and current customers accelerated ProcessPros growth in 2017, with significant gains experienced within the food and beverage industry. Momentum is expected through 2018 with strategic expansion into new vertical markets.

Redesigned Website ProcessPros December launch of its newly redesigned website integrates a more user-friendly and streamlined navigation for richer insight into product offerings and the company. The website embodies the companys commitment to technological advancement and complements strategic growth plans.

Awards and Accolades ProcessPro earned industry accolades and honors over the past year, including: Insights Success, 10 Fastest Growing ERP Solution Provider Companies; CIO Review, 20 Most Promising Chemical Tech Solution Providers; PharmaTech Outlook, Top 10 Pharmaceutical Manufacturing Solution Providers; Insights Success, 10 Food and Beverage Entrepreneurs to Watch; ERP Focus Writers Awards, Best Vendor Blog; Capterra, Top 20 Most Popular MRP Software Products.

Blauert continues, ProcessPros increasing momentum demonstrates that more manufacturing companies are turning to technology to address their industry and regulatory challenges. We predict continued growth in our key vertical markets and across the entire Open Systems family.

###

ProcessPro, a division of Open Systems, Inc., is a leading mid-market ERP software solution for the process manufacturing industry. Designed specifically for manufacturers that combine batches of mixtures, ProcessPro seamlessly integrates all aspects of plant operation, from beginning order entry through manufacturing, packaging, shipping, inventory and accounting. ProcessPro has been serving the food, beverage, pharmaceutical, nutraceutical, cosmetic, cannabis and specialty chemical industries for more than 30 years. More information about ProcessPro is available at http://www.processproerp.com.

(c) 2018 Copyright: Arab News 2017 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 110 B
EBIT 2018 34 298 M
Net income 2018 15 889 M
Finance 2018 59 672 M
Yield 2018 1,65%
P/E ratio 2018 49,09
P/E ratio 2019 24,83
EV / Sales 2018 6,53x
EV / Sales 2019 5,84x
Capitalization 775 B
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Average target price 110 $
Spread / Average Target 8,6%
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Satya Nadella Chief Executive Officer & Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Jean-Philippe Courtois President-Global Sales, Marketing & Operations
Amy E. Hood Chief Financial Officer & Executive Vice President
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