Plex is known as the first provider of a complete SaaS ERP solution for manufacturing companies. Recurring revenue increased by 30.5 percent, representing the 19th consecutive quarter of growth." However, in May 2012, the company reported a revenue increase of 30.6% in the first quarter ending March 31, compared to a year earlier. Historically, the company has not released detailed financial information, citing its status as a privately held corporation. (There is evidence of Plex acting as a sponsor for Aberdeen Group so this report from Aberdeen may be biased) However, other vendors evaluated in the same report are also sponsors of Aberdeen Group. Plex was the only ERP software solution provider placed entirely within the “Champion” performance category, just ahead of SAP AG. Īberdeen Group suggested in its "Aberdeen AXIS: ERP in Manufacturing 2009” report that Plex Systems was among the top four performing ERP vendors. In June 2021, Plex was acquired by Rockwell Automation $2.22 billion in cash. The investment will be used to support expanded product development, as well as investments in marketing and sales. Rowe Price, which joined existing investors Francisco Partners and Accel Partners. In June 2012, Accel Partners invested $30 million in Plex: In June 2014, Plex secured $50 million in additional funding led by T. On June, 2012, the company announced the acquisition from a group of share holders, including Apax Partners by Francisco Partners. In 2009, the company changed its name to Plex Systems and renamed its flagship product Plex Online. In 2006 Apax Partners acquired a majority interest in the company. The company began offering its software via the software as a service (SaaS) or cloud computing model when Plexus Online was launched in 2001. The company was formed as Plexus Systems LLC in 1995 by Robert Beatty, providing client/server manufacturing software.
Plex Systems began as an internal IT project at an automotive parts manufacturer, MSP Industries Corporation, in 1989. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing. is a software company based in Troy, Michigan. Enterprise software, including: ERP, MES, QMS, SCMS, CRM
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