1995 1995 headquarters troy michigan united states area served americas emea asia pacific key people jason blessing ceo products enterprise software including erp mes qms scms crm website www.plex.com plex systems inc. is a software company based in troy michigan . 1 the company develops and markets the plex manufacturing cloud a software as a service saas or cloud computing erp for manufacturing . 2 contents 1 company overview 2 the plex manufacturing cloud 3 software as a service saas or cloud application 4 see also 5 references 6 external links company overview edit plex systems began as an internal it project at an automotive parts manufacturer msp industries corporation in 1989 . the company was formed as plexus systems llc in 1995 providing client server manufacturing software based on progress software s database technology . the company began offering its software via the software as a service saas or cloud computing model when plexus online was launched in 2001 . 3 in 2006 apax partners acquired a majority interest in the company . 4 in 2009 the company changed its name to plex systems and renamed its flagship product plex online . 5 on june 2012 the company announced the acquisition from a group of share holders including apax partners by francisco partners . 6 7 in june 2012 accel partners invested 30 million in plex 8 in june 2014 plex secured 50 million in additional funding led by t. rowe price which joined existing investors francisco partners and accel partners 9 aberdeen group suggested in its aberdeen axis erp in manufacturing 2009 report that plex systems was among the top four performing erp vendors . 10 plex was the only erp software solution provider placed entirely within the champion performance category 11 just ahead of sap ag . there is evidence of plex acting as a sponsor for aberdeen group 12 13 so this report from aberdeen may be biased however other vendors evaluated in the same report are also sponsors of aberdeen group . 14 15 16 17 historically the company has not released detailed financial information citing its status as a privately held corporation . however in may 2012 the company reported a revenue increase of 30.6 % in the first quarter ending march 31 compared to a year earlier . recurring revenue increased by 30.5 percent representing the 19th consecutive quarter of growth . 18 plex is known as the first provider of a complete saas erp solution for manufacturing companies . 19 several it software bloggers have written about plex s ability to provide a wide scope of critical features for manufacturers in a saas model where larger erp vendors had not succeeded at the time . 20 21 in 2014 the firm raised 50 million in funding to support expanded product development as well as investments in marketing and sales . 22 the plex manufacturing cloud edit the plex manufacturing cloud is a software as a service saas or cloud application erp that manages the manufacturing process and supports the functions of production inventory shipping supply chain management quality accounting sales and human resource departments in addition to the traditional erp roles of finance accounting procurement human capital management etc. 23 plex is targeted towards manufacturing industries with rigorous traceability quality and food safety requirements including automotive aerospace food & beverage and life sciences or medical manufacturing . 24 25 the system must be accessed using a web browser making its functions available from anywhere with an internet connection . 26 the software is designed to provide managers and engineers with real time visibility to production data . 23 while plex systems calls the saas solution erp the software also includes the following integrated functions enterprise resource planning erp manufacturing execution system mes or manufacturing operations management mom 26 27 quality management systems qms . 23 it helps maintain compliance with quality standards including iso 9000 and iso 14000 qs 9000 ts 16949 as 9100 etc. customer relationship management crm supply chain management software scms enterprise supply chain enterprise financials advanced planning and scheduling software as a service saas or cloud application edit the plex manufacturing cloud is built on a multi tenant architecture . software as a service saas also referred to as cloud application is an application delivery model in which the user accesses software over the internet from anywhere at any time . the physical location and ownership maintenance burden of the system that actually serves the software is outside the responsibility and concern of the end users . 28 some it professionals have expressed concern about moving erp to a saas model . at the same time many companies have successfully performed such deployments with plex systems and other providers . 29 30 saas applications are deployed atop the platform layer of the cloud computing stack . these applications tend to be sold as a subscription shifting the burden of the software cost across the useful life of the software and trend to be accounted as an operating expense opex . this is in contrast to traditional methods that require upfront payment or financing and tend to be accounted as a capital expense capex . 31 see also edit list of erp software packages list of erp vendors references edit plex systems unveils new world headquarters erp manufacturing execution systems mes solutions about plex apax partners makes strategic investment in plexus systems . 2007 06 27 . plexus systems inc. changes name to plex systems inc. . reuters . 2009 01 06 . francisco partners to acquire plex plex systems gets new owner plex systems raises 30 million strategic investment from accel partners . 2012 12 18 . plex system secures 50 million round of funding led by t. rowe price . 2014 06 10 . aberdeen reveals top performing erp companies . 2009 06 29 . the aberdeen axis erp in manufacturing 2009 smartbrief mmat sap press oracle press infor report epicor blog cbs detroit . 2012 05 01 . plex systems detroit s new dashboard . the future of erp sap plex and rootstock . 2010 06 01 . plex online pure saas for manufacturing . 2010 04 09 . forbes t. rowe price leads 50m round for plex systems at 500m valuation . 2014 06 10 . a b c enterprise software brings form functionality . 2009 02 11 . plex makes its move into food beverage biosciences industries . 2009 09 11 . can software solve the food industry s problems . 2011 01 12 . a b improvements to plant automation software . retrieved 2009 10 13 . metal fab plant finds cloud savings . january 2011 . cloud control . 2009 07 10 . don t be afraid of hosted erp . 2009 07 01 . 2011 the year of saas erp . 2010 11 12 . the next move for erp software . 2011 01 12 . external links edit official website retrieved from https en.wikipedia.org w index.php title plex systems & oldid 736166479 categories cloud computing providerscompanies based in michiganerp software companiesproduction and manufacturing softwaresoftware companies based in michigansoftware companies established in 1995 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 25 august 2016 at 16 55 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy 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