Click here to close now.




















Welcome!

News Feed Item

SERUS Achieves Annual Recurring Revenue Growth of 60% in 2013 -- a "Transformational Year" for the Company

Expanded Management Team Shifts Focus to Deliver Products That Ensure Delivery Performance, Product Quality and Compliance in Outsourced Manufacturing

SANTA CLARA, CA--(Marketwired - January 30, 2014) - SERUS, a leader in extended supply chain management for high-tech companies, today provided highlights of what CEO Hari Menon called a "transformational year" for the company, citing 60 percent growth in committed annual recurring revenues from enterprise customers, a 60 percent year-over-year increase in bookings, and several new high-profile customers, including Micron and Extreme Networks. The company credits its focus on solutions that target problems throughout the extended supply chain in outsourced manufacturing as a key component in the surging interest from both potential and existing customers and partners.

"With the soaring reliance on outsourced manufacturing, it's become abundantly clear that product quality and compliance have become critical issues for brand owners," said Menon. "The experience and knowledge of our new management team has enabled us to take a significant lead in creating solutions that address challenges in the day-to-day supply chain operations and overall delivery and product quality for our customers. Thanks to this approach, our complete solution now offers the ability to optimize the entire supply chain, from design through delivery."

2013 HIGHLIGHTS

Key business metrics:

  • 60 percent year-over-year increase in bookings;
  • 60 percent increase in committed annual recurring revenues from enterprise customers;
  • 80 percent of new orders for three-year engagements;
  • The addition of several new customers, including Extreme Networks, Micron, Semtech, PLX Technology and Power Integrations.

Key Management Additions:

  • Rohit Thukral, vice president of products and engineering, joined SERUS from Churchill Downs, Inc. where he was the general manager of the online business, responsible for growing the business from a start-up to a very profitable business.
  • Joe Longo, vice president of the SERUS Professional Services Group, joined the company with significant experience leading superior global professional services groups like PSVillage and MetricStream.

New Products and Capabilities Added in 2013:

  • Supplier Contract Compliance (SCC) allows companies that outsource critical manufacturing processes to manage complex partner and supplier contracts throughout their complete lifecycle. A new request for quote (RFQ) capability allowing companies to collaborate with their manufacturing partners was also delivered during the year.
  • Design for Manufacturing (DfM) enables companies to innovate faster, save money, and improve customer satisfaction by ensuring partner compliance with engineering and manufacturing change orders (ECOs and MCOs). Designed for complex and regulated manufacturing scenarios in the semiconductor, medical device, test and measurement, high-tech, and other industries, DfM enables companies to create, approve and broadcast change orders to partners and then close the supply chain loop by reporting on compliance against these orders.
  • The SERUS Supplier Network brings the best of social media to the enterprise, allowing brand owners to collaborate more effectively with their outsourced manufacturing partners to ensure high-quality products are delivered on time. The SERUS Supplier Network supports high-bandwidth communication and collaboration (i.e., chat, video, message threads, etc.) using both structured and unstructured data to avoid breakdowns in the supply chain.
  • SERUS Analytics : Developed with partner Tableau Software to provide customers with actionable insights about their external manufacturing operations, SERUS Analytics delivers real-time insights derived from large volumes of manufacturing and supply chain transactional data, enabling companies to make faster and better decisions. SERUS Analytics includes operations performance analytics, executive dashboards (both Web and mobile), and predictive analytics.

Key Partnerships: SERUS also established key partnerships in 2013, including technology partnerships with Tableau and Seeburger, and go-to-market partnerships with Dassault Systemes and AT Kearney.

About SERUS

SERUS is leading today's high-tech companies to superior performance with precision multi-tiered supply chain management and execution. By orchestrating data and decision making from engineering and operations to finance and procurement, SERUS informs companies in near real-time when disruptive changes occur that will impact output, inventory, costs and ultimately customer satisfaction. From a spike in demand to engineering change propagation or a supplier interruption, SERUS monitors all supply chain progress on a granular level, enabling partners to discover detailed causes and make recommendations for solving problems. SERUS customers are able to adapt on the fly and therefore deliver better outcomes through improved managerial judgment and collaborative performance between all parties. For high-tech companies whose survival depends on complex and outsourced supply chains, SERUS' cloud-based monitoring and adept analysis is the standard bearer. Customers like AMD, Oracle, Juniper, Flextronics, NVIDIA Cypress, Qualcomm/Atheros and IDT have benefitted from enhancements, such as 8-15% reduction in inventory, 10-20% reduction in excess and obsolescence charges and 8-15% increase in operational productivity thanks to SERUS' supply chain orchestration. Learn more at www.serus.com

The following files are available for download:

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...