Aras, provider of open source PLM software, has announced a 226% increase in sales in the first half of 2010.
Driven by growth in worldwide adoption of its Innovator suite, Aras says its performance signals widescale acceptance of the Aras enterprise open source model by America's largest companies.
''Our growth represents a fundamental shift in the way global companies are approaching their enterprise PLM strategy,'' said Peter Schroer, President of Aras.
''Gartner is seeing increased interest and adoption from manufacturers and PLM service providers,'' said Marc Halpern, Research VP for PLM at Gartner in the recent Cool Vendors in Product Design and Life Cycle Management 2010 report. ''The annual subscription fees for support and upgrades are approximately 40 per cent of what they would pay the major PLM vendors for annual maintenance, and they had no expense for PLM licenses.''
