Sheffield, UK, 26th January 2007: NavisWorks Ltd., developers of interactive viewing technology and JetStream, the leading 3D design review solution, today announced record results for 2006 with profits up by more than 1.8 x previous year and revenue up by more than 50%.
Sheffield, UK, 26th January 2007: NavisWorks Ltd., developers of interactive viewing technology and JetStream, the leading 3D design review solution, today announced record results for 2006 with profits up by more than 1.8 x previous year and revenue up by more than 50%.Peter Thompson, CEO, NavisWorks Ltd., today said, "It is wonderful to be able to announce yet another year of excellent revenue and profit growth in our business. Geographically, the Americas' contribution is now on target for 45% of our turnover, whilst we have also seen excellent growth in Europe (where we opened a new German office), in India, Australia and Japan, with business development territories such as the Middle East, Russia and China also starting to give real value. In the Building market, we continue to grow as the adoption of 3D, 4D and BIM also grows and we are delighted to have many leading construction companies as our customers, some of whom are promoting their use of our software as a competitive advantage. In Process Plant, we have offered the best value for money with the widest format compatibility and broadest product range. Our other key markets have also shown similar growth."
Thompson continued, "The 2006 results are a remarkable achievement for any company operating in this market, especially following our a superb 2005, and an indication that our products are becoming a strategic investment choice and not just a complementary 'nice to have'. Our customers report that JetStream technology is used to implement and ease process change and is delivering measurable and repeatable profit - what more could you want from a software purchase? As ever for NavisWorks, we put our profit back into the company to continue to repay our customers' belief and trust in us. So, as well as aiming to deliver even better results in 2007, we will be adding more resource across all areas of the business, including some specifically for new product development and for reaching out even more strongly to our customer base."
Concluding his statement Thompson said, "At the risk of repeating myself from last year's press release, I'd like once again to say thank you to all our customers, old or new, and a big thank you to the hard working and loyal team at NavisWorks."
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NavisWorks Ltd. is a customer oriented organisation that develops and markets software to enable full exploitation of the benefits of 3D digital designs in the building, construction and facilities markets. Our products satisfy the need both to create value as well as deliver competitive advantage throughout the design-construct-manage lifecycle and we constantly strive for continual improvement of our products, processes and services.
NavisWorks world-leading products satisfy the need for an affordable and easy to use interactive 3D computer aided design review solution. Offering real-time walkthrough, effective realistic and photorealistic visualization, interference checking and 4D project simulation. NavisWorks software can be used to review large models on a standard desktop or laptop PC by anyone involved in a project without specialist CAD skills or software.
The NavisWorks product range is localized in 5 languages and offered to end-users through a worldwide distribution channel of value added Business Partners and direct from leading developers of 3D CAD software as a preferred complementary product. NavisWorks products are customizable through a powerful application-programming interface (API).
NavisWorks is a privately owned limited company based in Sheffield, UK with an office in Phoenix, Arizona, USA for NavisWorks Inc.
© NavisWorks 2006. All rights reserved. NavisWorks is a registered trademark of NavisWorks Ltd. All other trademarks are the property of their respective owners.