CMiC 2019 in Review
CMiC closes another year of strong financial performance with several milestone accomplishments.
TORONTO, Jan. 14, 2020 /PRNewswire/ - CMiC has released its company highlights for 2019, which represents another year of strong financial performance, solid new customer acquisitions, a slew of new product enhancements, and the formalization of new functional groups focused on product management and customer success. Specifically, in fiscal year 2019, which ended on May 31, 2019, CMiC achieved total revenue growth over the previous fiscal year of 17%, with revenue in the SMB segment increasing by 43%. Expanded investments in marketing and sales, more aggressive targeting of specialty contractors and project owners, and a renewed focus on the Canadian construction market as well as opportunities overseas all contributed to the growth.
“It is our desire not only to deliver the highest quality software in the construction industry but also to become a leader in business excellence through the adoption of responsible and sustainable organizational practices,” stated Gord Rawlins, President & CEO of CMiC. “In 2019, we significantly enhanced our products with the release of our groundbreaking R12 user interface, the launch of a Kanban-based analytics toolset and the expansion of our FIELD and Mobile capabilities. In addition, we hosted our largest CONNECT customer conference in our history and launched a new corporate social responsibility initiative. As we ramp up our efforts in the new calendar year, we will continue to focus on a strategy committed to growth, innovation and quality that will maximize the value that we deliver to customers, partners and the broader construction community.”
Construction Ecosystem Impact:
Awards & Recognition:
As an industry pioneer, CMiC delivers complete and unified ERP and FIELD solutions for construction and capital projects firms. CMiC’s powerful software transforms how firms optimize productivity, minimize risk and drive growth by planning and managing all financials, projects, resources, and content assets—from a Single Database Platform™. With customers throughout North America and overseas, CMiC serves one-quarter of ENR’s Top 400 Contractors and hundreds of small and mid-sized construction firms, from general and specialty contractors to heavy/highway and project owners. For more information, please visit www.cmicglobal.com.
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SOURCE Computer Methods International Inc. (CMiC)