InnovMetric Reports Record Sales of 3400 PolyWorks® Licenses for Fiscal Year 2017

InnovMetric Software Inc., the leading provider of universal 3D metrology software solutions, proudly announced today that worldwide demand for the PolyWorks universal 3D metrology software platform, in the fiscal year 2017 (ending March 31, 2018), has led to all-time record sales of 3400 new licenses.

InnovMetric’s global sales revenue in Canadian dollars increased by 6.5% compared to the previous fiscal year, helped by a robust revenue growth of 13% in Europe. PolyWorks sales revenue growth exceeded 30% in six countries: Brazil, Mexico, France, Italy, Poland, and India.

“Large industrial manufacturing organizations, as well as small and medium enterprises, have been prudent in their technology investments in several mature PolyWorks markets this year, due to economic uncertainties related to global trade. Nevertheless, we have kept up expanding our technical and sales presence worldwide, allowing us to reach this significant sales record. We’ve even gained market share in Europe, which is a direct consequence of the significant investments we’ve brought to our European business infrastructure in recent years. Together with our key European business partners, we now offer a comprehensive business ecosystem to support our European customers’ deployment of the PolyWorks universal platform, and this year’s results clearly show that our business strategy is in line with our customers’ needs,” said Marc Soucy, President of InnovMetric.