SIVECO GROUP reports a 19% growth in revenues for Q1 2004 thanks to COSWIN 7i
Despite the uncertain economic conditions SIVECO GROUP is pleased to report a 19% growth in revenue for the first quarter of 2004 (compared with revenues for the same period in 2003) Prospects for rest of the year are expected to show a similar trend, as more companies realise the significant benefits of the next-generation, internet based software (COSWIN 7i) over traditional Asset Management software solutions.
Paris (PRWEB) April 19, 2004
Specialised in EAM/CMMS for more than 18 years, SIVECO GROUP has announced improved results for the fiscal year ended December 31, 2003. Its market position has strengthened whilst the company increased its revenues by 10% in comparison with 2002.
The substantial (19%) increase in revenues for Q1 2004 relates to sales of our new generation of software to new clients, and includes a 44% increase in licence revenues. As a further measure of the success of our new products our total booked orders have increased by 60%.
Carlo FICHERA, SIVECO GROUP’s CEO, comments: “ These very promising figures show that COSWIN 7i has met the increasing demands of our market. Our internet-based software only needs to be deployed on a central server, this results in significant cost savings and productivity improvement”
80% of all new offers issued by Siveco in Q1 2004 were based on COSWIN 7i, with the migration phase for existing customers starting in Q4.
In addition, SIVECO GROUP remains focussed on continued its international expansion. The Group has now established an office in Greece, with new solution integration partners in Canada and Algeria. Furthermore, COSWIN is also now represented in Switzerland through Steria and in Bulgaria, Poland. The expanded distribution network covers 23 countries.
About SIVECO GROUP and COSWIN:
Established in 1986, SIVECO GROUP is committed to providing leading edge of Asset Maintenance Management System solutions to the Industrial and Facilities market place.
Our solutions are easily connectable to the major ERP systems, and help companies improve equipment reliability, reduce maintenance costs and optimise profitability.
Totally committed to providing solutions tailored to the needs of each client our services include, system design, development, deployment and support. SIVECO GROUP has built its success on the partnerships it creates with its customers. Thanks to a comprehensive commercial and technical understanding of business needs, SIVECO GROUPÂ’s role consists of much more than a mere applications publisher and seller.
COSWIN, available in 15 languages and with 70,000 users in 45 countries, is used in all industrial and facility sectors including: Automotive, Food, Pharmaceutical, Plastics, Paper, Energy, Transportation, Utilities and Health
Www. siveco. com
