Wessling, Germany, 27 July, 2012 – The CAM software manufacturer OPEN MIND Technologies AG, a Mensch und Maschine company, remains on track for growth. In the first quarter of 2012, the company recorded a 20 per cent increase in turnover compared with the same quarter in 2011. Given this result, the company is expecting to continue its positive business development in the future. With direct sales exceeding €30 million, 2011 was the most successful year in the company's corporate history. This is also reflected in the number of employees. The development department grew by 29 per cent and benefited most from the hiring spree.
"OPEN MIND specialises in the development of CAM software. Our hyperMILL CAM solution has been a technology leading tool for years and has allowed us to consistently increase our market share," says Volker Nesenhöner, CEO of OPEN MIND Technologies AG. "Our success as an independent developer speaks for itself and we are confident that we will continue our global expansion based on this strong foundation."
OPEN MIND reported direct sales of €27 million in 2010. In 2011, sales climbed to over €30 million. Products from the hyperMILL® CAM suite are currently in operation in over 15,000 installations around the world. The CAM solution combines all strategies for 2D, 3D, HSC, 5axis and mill/turn machining under a single, highly intuitive interface. The broad range of processing strategies allows even complex workpieces to be machined in a single setup.
Climbing up the rankings
In the latest CIMdata NC Market Analysis Report OPEN MIND is ranked on the seventh position in terms of global CAM software market shares, which is one position up compared with 2010. The reasons for OPEN MIND's business success include a strong focus on hands-on further development and optimisation of the CAM machining strategies, consistent process chains and a winning international expansion strategy based on wholly owned branch offices. In terms of global expansion, the company has been increasingly focusing on growth markets such as Russia and the CIS states since 2011.