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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