Entivity Reports Revenue Increases of 30%

Ann Arbor, MI – March 1, 2002    Entivity reports revenue growth of 30% in 2001.  “While many companies have had a rough go in recent months, we are able to report to our investors that we met our forecast and the demand for Entivity products looks robust in the year ahead,” said Peter Durand, COO.  “In addition, we’re already on track to achieve first quarter 2002 results,” Durand added.

With thousands of customers worldwide, including 3M, Alvey, Dell, GM, Hallmark, HP and IBM, Entivity products are in use in many industries including automotive, electronics and distribution.  Entivity, offers three software solutions including Steeplechase VLC™, Entivity Studio™ and Think & Do® Live!.  In 2001, Entivity introduced Automation ProjectNet,™  a web-based collaboration tool that gives engineers and product managers a single, secure environment to host, manage and utilize all document control and HMI files associated with large automation projects. These products have gained wide acceptance increasing connectivity and productivity in complex manufacturing applications and material handling.

Entivity, A Phoenix Contact Company, was formed in 2001 as a result of a merger between two leading automation software companies, Think & Do Inc. and Steeplechase Inc..  This merger makes Entivity the leading provider of PC-based control solutions.  Entivity has backing from major venture capital firms and several strategic investors, including Schneider Electric and Automationdirect.com.

For additional information, visit the Entivity website at www.entivity.com or call 800-722-6875.

 

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