SAN JOSE, CA – February 10, 2009 — Tensoft, a leading end-to-end ERP and supply chain solution provider for the high tech industry, announced today that its 2008 revenues continue to rise, despite a struggling world economy. This strong showing validates investments in both products and the support team that Tensoft made in 2008. The company logged a 100% increase in software revenue while simultaneously reducing the cost of the professional services required, providing a better value and cost savings for its customers.
“In the current economic climate, we’re fortunate to have a strong existing customer base and a diversified product offering. That, along with our long-term growth model and continued investments in the industries we serve, helped Tensoft grow in 2008,” said Tensoft CEO Bob Scarborough. “Since we’ve never taken any outside funding, Tensoft only has to answer to our customers, our partners, and ourselves. In recognition of the fact that our success depends heavily on the success of our customers, we plan to announce some additions to our customer care programs for 2009, building on the success of our quarterly and annual events for Tensoft FSM users.”
Tensoft’s strategic alliance partner, Microsoft, played an important role in the company’s success in 2008 as well. “Microsoft actively supports and promotes solutions from Microsoft Certified Partners like Tensoft – solutions that work with Microsoft Dynamics to meet the unique needs of our mutual customers’ industries,” said Eric Rosenstein, Dynamics ISV Business Development Manager US Partner Group, Microsoft. “Tensoft’s solutions for the high tech and electronics industry helped drive new business for Microsoft, as well as for Microsoft Partners in 2008. Tensoft’s strong value proposition has allowed them to grow even in these difficult economic times, so we look forward to another year of solid performance.”
Strong Product Offerings Are Key
The company’s Fabless Semiconductor Management (FSM), Outsourced Manufacturing Management (OMM), and Revenue Cycle Management (RCM) products continue to win market share in the semiconductor, software, and high tech industries. Tensoft added six new mid-market customers in the hard-hit fabless semiconductor industry alone in 2008. The new customer adds for these three product suites are based in Europe, the U.S. and Canada, and have operations in Asia, Europe, North and South America, and the Middle East.
Product enhancements and new offerings in 2008 built upon existing Tensoft products, to further provide the specialized functionality and expertise required by the high tech industry, such as support for an outsourced manufacturing model, multi-national operations, and complex revenue management needs. By looking at the business needs of each of its customers as a whole, Tensoft successfully provided end-to-end solutions that met the requirements of the entire organization, rather than just a part of it. A clear focus on the needs of the semiconductor, software and high tech markets has proven to be a winning strategy for the company.
Tensoft, Inc. specializes in innovative, end-to-end business management solutions for the semiconductor, high tech and software industries. These focused technology industry solutions have been created by converting broad, horizontal ERP functionality to the specialized needs of the technology industry. Founded in 1996, Tensoft delivers results tailored specifically to each customer’s needs. The company sells its products directly to customers and partners with established firms in the U.S., Canada, and Europe to re-sell and provide local support for its products. For more information, go to www.tensoft.com or call (888) 450-4030 X406.