DownStream Technologies Announces First Half Revenue Up 10% Over Same Period Last Year
Company Attributes Many Factors for Growth
Bolton, Mass – September 1, 2003 – DownStream Technologies, LLC today
announced that revenues for the period ending June 30, 2003 were up 10% over
the same period last year. The company cited many factors for the growth
including an ability to transition customers after the CAM350 product was
purchased from Innoveda, Inc. (now Mentor Graphics) and an increased market
adoption of the product as the de-facto standard as more companies consider
Design for Fabrication (DFF) a mission-critical phase of their new product
development process. Higher services revenue also contributed to the growth
as customers reacted positively to DownStream¹s introduction of a new
Training and Educational Services Program. In addition, the company credited
the retention of the original CAM350 Value Added Reseller (VAR) channel, an
on-going effort to increase worldwide market reach through the addition of
new VARs and a strong focus on product quality as also having significant
positive impact on its¹ financial performance.
"When we purchased the source code for the CAM350 product line from
Innoveda, we knew we had an uphill battle. Our goal was to rebuild the
product, reconnect with the customer base and reestablish the leadership of
CAM350 in the mainstream marketplace. The release of the first half 2003
revenue numbers prove we have done just that, and more" said Rick Almeida,
President of DownStream Technologies.
"In June, we announced the shipment of CAM350 Release 8.0. This release, as
well as the product¹s future roadmap, have been enthusiastically received by
the over 3600 installed users under maintenance contracts," said Almeida.
"These efforts, in combination with our competitive pricing structure and an
on-going commitment to customer communications, has translated into the
increased revenue numbers we se today," he added.
About DownStream Technologies
DownStream Technologies’ CAM350 solution allows
engineering and manufacturing teams to work together by supporting the
verification of Printed Circuit Board (PCB) designs early in the product
development process to ensure accurate and efficient manufacturing. CAM350
offers customers in the mainstream PCB marketplace significant
price/performance value over alternative solutions. Customers can find out more
about DownStream at www.downstreamtech.com.
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© 2003 DownStream Technologies, LLC. DownStream
Technologies and CAM350 are trademarks of DownStream Technologies, LLC.
All rights reserved. All other trademarks in this release are the property
of their respective owners.
