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ModuleWorks grow revenues more than 20% in 2008

February 2009

ModuleWorks grow revenues more than 20% in 2008

ModuleWorks, the leading supplier of CAD/CAM components for toolpath generation and simulation, achieved revenue growth in excess of 20% for the year 2008.

The increased revenues will support ongoing expansion of the R&D teams at the European centres of excellence in Germany, Romania and Ukraine. The company remains almost entirely R&D focussed with a team of 30+ engineers and re-invests more than 70% of revenue into software development.

During the year, ModuleWorks was pleased to sign agreements with 10 new partners who will contribute to ongoing growth in 2009 as they begin to ship ModuleWorks machining and simulation components to the manufacturing industry. As of December 2008, ModuleWorks supply component technology to more than 50% of the major vendors (as recognised by CIMData).

Managing Director, Yavuz Murtezaoglu comments “Despite tough economic conditions, ModuleWorks managed to grow revenues, enabling us to further increase our investment in R&D”. He also states ”Everyone is facing 2009 with concern for the global economy, however we believe productivity will be a critical issue for manufacturers around the world and that there will be good opportunities for our partners as companies look to benefit from investment in the newer advanced technologies such as 5-Axis and Simulation”

Previous news stories:

May 2013: ModuleWorks release 2013.4 CAD/CAM components

February 2013: ModuleWorks relocate to new HQ office in Aachen, Germany

December 2012: ModuleWorks release latest 2012.12 CAD/CAM components

November 2012: ModuleWorks to show latest CAD/CAM components at Euromold

November 2012: ModuleWorks and CNC KELLER GmbH confirm partnership

November 2012: ModuleWorks and exocad sign partnership agreement

August 2012: ModuleWorks to show latest 2012.8 CAD/CAM components at IMTS

July 2012: ModuleWorks appoints Richard Baxter as International Sales Manager

June 2012: CAXA Partner with ModuleWorks for 5-Axis Machining and Simulation

May 2012: SharpCam Partner with ModuleWorks for Simulation

April 2012: ModuleWorks launches new 2012.4 CAM components

March 2012: ModuleWorks and ARGETA sign partnership agreement

March 2012: GO2cam Partner with ModuleWorks for 5-Axis CAM

February 2012: ModuleWorks and SolidCNC sign partnership agreement

January 2012: Record Year for ModuleWorks in 2011

December 2011: ModuleWorks launches new 2011.12 CAM components

November 2011: ModuleWorks offer free STL viewer for Android and Windows

November 2011: ModuleWorks to show latest CAD/CAM components at Euromold

October 2011: ModuleWorks sign vectorcam Gmbh as 50th Partner

August 2011: ModuleWorks to show latest CAD/CAM components at EMO

July 2011: ModuleWorks appoints Jens Beissel as Marketing Manager

June 2011: SprutCAM selects ModuleWorks for 5-Axis Machining

May 2011: VANC selects ModuleWorks as CAM components partner

May 2011: ModuleWorks to show latest CAD/CAM components at LIGNA

April 2011: ModuleWorks releases new 2011.4 CAM components

February 2011: ModuleWorks to show latest dental CAD/CAM at IDS

February 2011: ModuleWorks launches YouTube video channel

December 2011: ModuleWorks expands with six new developers

November 2010: ModuleWorks to show latest CAD/CAM components at Euromold

October 2010: ModuleWorks offer website content now in 7 languages

October 2010: Yavuz Murtezaoglu, Managing Director, ModuleWorks interviewed at IMTS 2010

October 2010: ModuleWorks launch new Dental CAM component

September 2010: ModuleWorks launch new 2010.9 CAM components release at IMTS

August 2010: ModuleWorks and Siemens PLM Software Announce ModuleWorks Bridge for Parasolid

July 2010: ModuleWorks launch new 2010.6 CAM components

April 2010: Simulation Performance headlines new ModuleWorks 2010.03 release

March 2010: ModuleWorks join Spatial Industry Partner Program

February 2010: EXAPT selects ModuleWorks as CAM components partner

February 2010: Euklid CAD/CAM AG selects ModuleWorks Simulation technology

December 2009: ModuleWorks launch new 2009.12 CAM components at Euromold

November 2009: ModuleWorks introduces new smoothing methods for 5-Axis toolpaths

September 2009: ModuleWorks to launch new 2009.9 version at EMO

September 2009: ModuleWorks and Robotmaster partner to provide robot simulation

July 2009: ModuleWorks announce new 2009.6 software release

June 2009: ModuleWorks leads new 5-Axis Mold and Die research project

May 2009: SolidCAM and ModuleWorks Celebrate 5-years Partnership

March 2009: ModuleWorks announce new 2009.3 software release

March 2009: Surfware Selects ModuleWorks for 5-Axis Machining

February 2009: ModuleWorks grow revenues more than 20% in 2008

November 2008: ModuleWorks launches Japanese version of Website

October 2008: ModuleWorks announce availability of new 2008.9 software release

November 2008: ModuleWorks offers new 5-Axis book extract online

September 2008: ModuleWorks to show latest CAM component technology at IMTS

August 2008: ModuleWorks launches new Website

May 2008: ModuleWorks celebrate a record year for 2007

September 2007: ModuleWorks to celebrate record half-year at EMO

July 2007: ModuleWorks Appoints New Technical Director

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