InnovMetric Reports Record Sales of PolyWorks Licenses in 2017 Fiscal Year

InnovMetric Software Inc., a leading provider of universal 3D metrology software solutions, has announced that worldwide demand for its PolyWorks universal 3D metrology software platform, in fiscal year 2017 (ending March 31, 2018), has led to all-time record sales of 3400 new licenses.

InnovMetric’s global sales revenue in Canadian dollars increased by 6.5% compared to the previous fiscal year, helped by a robust revenue growth of 13% in Europe. PolyWorks sales revenue growth exceeded 30% in six countries: Brazil, Mexico, France, Italy, Poland, and India.

Large industrial manufacturing organizations, as well as small and medium enterprises, have been prudent in their technology investments in several mature PolyWorks markets this year, due to economic uncertainties related to global trade. Nevertheless, we have kept up expanding our technical and sales presence worldwide, allowing us to reach this significant sales record. We’ve even gained market share in Europe, which is a direct consequence of the significant investments we’ve brought to our European business infrastructure in recent years. Together with our key European business partners, we now offer a comprehensive business ecosystem to support our European customers’ deployment of the PolyWorks universal platform, and this year’s results clearly show that our business strategy is in line with our customers’ needs,” said Marc Soucy, President of InnovMetric.

Last year Innovmetric announced it would issue its 20,000th Polyworks Licence in June 2017.

For more information about InnovMetric and PolyWorks, visit: www.innovmetric.com.

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