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

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) -- 01/30/14 --  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 Profession
al 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: 


 
--  Serus New Logo 10 9 2013

  
Amanda Orr
202-248-6766
aorr@kickstartconsulting.com
 
 
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