Lancaster, Mass., August 13, 2009 — Despite economic difficulties throughout the world, Enventive Engineering, Inc., experienced accelerated revenue growth of over 50% in 2008, and is continuing to grow rapidly in 2009. In fact, 2009 revenues surpassed 2008 total revenues by the end of second quarter.
The growth in revenue is due to an expanding user base for its software product, Enventive. Addressing this growth during a time of economic slowdown, Enventive Engineering’s President and Founder, Ralph Gifford, stated, “Our customers recognize that now, more than ever, they need to increase the effectiveness of their engineering effort. The best way to control costs and limit development time is to design it right the first time. Enventive gives them the tool they need to achieve that goal.”
The upward growth is expected to continue for the rest of 2009 and beyond. Gifford comments, “The need for Enventive will continue to increase as engineering groups compete in the global economy. Those that fail to improve quality and reduce costs will not survive. Enventive has a proven record of saving time and money while producing unequaled results in design optimization.”
What is Enventive Design Optimization Software?
Enventive is a mechanical engineering design system that takes mechanical designs through every phase, from initial concept, to preliminary design, to variational analysis and optimization. It brings tolerance analysis to a whole new level.
By combining geometric, mathematic, and kinematic modeling with automated variation analysis, optimization capabilities, and GD&T (geometric dimensioning and tolerancing) simulation, Enventive enables engineers to simultaneously optimize critical parameter values and their tolerance limits, giving them greater insight into their products. All risks are precisely determined before production, thus avoiding costly redos and lost time.
As Enventive helps engineers understand how real world variances affect design before detailed design occurs, profitability and efficiency are greatly improved.
About Enventive Engineering, Inc.
Enventive Engineering, Inc., is a privately held Delaware corporation, founded in 2002.
Enventive Engineering is dedicated to helping mechanical engineers succeed in the areas of design, analysis, and optimization by providing them with technologies that enable reliable identification of potential design problems early in product development.
Enventive Engineering develops, maintains and supports software distributed to companies based mainly in the US and Europe, with users as far-ranging as China, India, South Africa, and Brazil. Enventive Engineering customers include several Fortune 500 companies as well as smaller companies representing a variety of fields, including automotive, aerospace/defense, medical, electrical components, office equipment, and appliances.