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Maxager Reports Record-Breaking First Quarter Results
Company Doubles Its Customer Base as Manufacturers Embrace SaaS Profit Optimization Solution
| Source: Maxager
SAN FRANCISCO, CA--(Marketwire - June 5, 2007) - Maxager, the leading provider of
enterprise profit optimization (EPO) solutions, today announced
record-breaking first quarter results with the addition of eight new
manufacturing customers. Over the past year, Maxager has grown its total
customer base by over 130 percent and is now managing more than $25 billion
in customer revenue with its patented profit-per-minute solution that
allows companies to maximize profit and ROA. In addition to increased
revenue and a rapidly growing customer base, the company has significantly
expanded operations in Europe and Asia.
Maxager provides information that gives management unprecedented insight
into business operations. To uncover incremental profit enhancement
opportunities that were previously obscured by traditional "margin-only"
analysis, Maxager integrates margin with production run-rate data to
provide comprehensive historical analysis, powerful what-if modeling
capability and detailed variance analysis. For the first time, all
functional organizations -- sales, marketing, finance and production --
have a common metric to evaluate profitability. Equally important, profit
per minute is the only metric that yields truly accurate insight into how
daily actions will impact overall company profitability.
"Because companies have found it almost impossible to monitor profit per
minute on a product by product basis, margin analysis was the primary
mechanism that manufacturers used to control revenue and profitability,"
said Michael Rothschild, founder and CEO of Maxager. "Maxager has
successfully addressed this challenge. Our stellar growth rate provides
evidence that our value proposition has become well understood and is
gaining widespread acceptance with manufacturers."
The Maxager solution has been adopted by leading manufacturers within the
United States and around the world. As the result of dramatically
increased sales activity in Europe and Asia, Maxager has opened an office
in Frankfurt and has expanded both sales and support offices in Bangkok and
Taipei.
About Maxager Technology
Founded in 1996, Maxager's patented enterprise profit optimization (EPO)
solutions help leading chemicals, metals, electronics and other complex
manufacturers such as Dow Chemical, Owens-Illinois, Siliconware Precision
Industries, and WCI Steel increase cash and profit worth 3-5% of revenue.
Uncovering profit gain opportunities that are obscured by traditional
"margin only" analysis, Maxager uses both margin and production velocity
information to analyze history and generate realistic forward modeling that
provides management teams an entirely new level of control over Return on
Assets (ROA) -- the key driver of shareholder value.
Ideal for manufacturers with a wide range of products, customers and
assets, Maxager's unique technology calculates precisely how fast each
product, customer, or market generates cash and profit from the assets,
allowing managers to truly optimize product mix & customer mix
profitability, sales & profit planning, strategic pricing, and production
planning. New customers typically begin reaping benefits within 60 days.
Maxager is headquartered near San Francisco with offices in Europe and
Asia. For more information, visit www.maxager.com or call +1.888.MAXAGER.
©2007 Maxager Technology. All rights reserved. Maxager is a registered
trademark of Maxager Technology, Inc. All other trademarks are the sole
property of their respective owners.