|By Marketwired .||
|January 30, 2014 06:30 AM EST||
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."
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.
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:
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Feb. 1, 2015 04:15 PM EST Reads: 3,285
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
Feb. 1, 2015 04:15 PM EST Reads: 3,051
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the ...
Feb. 1, 2015 03:45 PM EST Reads: 3,194
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 02:45 PM EST Reads: 2,648
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
Feb. 1, 2015 02:45 PM EST Reads: 1,780
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 02:30 PM EST Reads: 2,806
AppDynamics, the application intelligence leader for software-defined businesses, announced the general availability of the AppDynamics Fall '14 Release. Serving the combined needs of IT and business teams across the enterprise, the latest release provides a comprehensive view across all aspects of digital performance in ultra large scale deployments. AppDynamics delivers Application Intelligence by building out advanced capabilities across the key areas of analytics, unified monitoring and D...
Feb. 1, 2015 02:00 PM EST Reads: 2,113
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
Feb. 1, 2015 02:00 PM EST Reads: 1,083
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the tec...
Feb. 1, 2015 01:45 PM EST Reads: 2,483
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise be...
Feb. 1, 2015 01:45 PM EST Reads: 2,022
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
Feb. 1, 2015 01:30 PM EST Reads: 2,387
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Feb. 1, 2015 01:15 PM EST Reads: 2,804
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, ...
Feb. 1, 2015 01:00 PM EST Reads: 3,049
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...
Feb. 1, 2015 01:00 PM EST Reads: 2,119
IBM has announced a new strategic technology services agreement with Anthem, Inc., a health benefits company in the U.S. IBM has been selected to provide operational services for Anthem's mainframe and data center server and storage infrastructure for the next five years. Among the benefits of the relationship, Anthem has the ability to leverage IBM Cloud solutions that will help increase the ease, availability and speed of adding infrastructure to support new business requirements.
Feb. 1, 2015 01:00 PM EST Reads: 1,623