Camstar Systems has revealed that its final 2010 financial results saw record revenue growth of 38%. Software license revenue more than doubled year over year and further gains in maintenance and services revenue growth resulted in Camstar significantly exceeding all of its pre-2010 targets.
Camstar's investments and acquisitions also made a significant contribution to its record-breaking figures, with its SigmaSure and Camstar Quality products being the major benefactors.
“We are pleased to report on another very strong growth year for Camstar,” said Scott Toney, president and CEO of Camstar. “Our commitment to serving our customer base through continued investment in our solutions and through key technology acquisitions has made us a more strategic partner, as reflected in our nearly perfect renewal performance.
“We are in a strong position in 2011 to continue our investment strategy; strengthening our leadership in Manufacturing Execution Systems (MES) across our core industries and adding SaaS-based solutions to advance product quality across the global supply chain.”
“We are excited about our rapid expansion into the Consumer Electronics market. The global agreements we signed in 2010 add to our customer list some of the largest, most well-known manufacturers in the world. We now serve five of the top 10 Medical Device manufacturers, four of the top 10 Semiconductor manufacturers and five of the top 10 Consumer Electronics brand owners,” added Rob Rudder, senior vice president of sales and marketing at Camstar.