Last year, CAM Logic, a product lifecycle management sales company, grew organically and through acquisition, but its leadership has a different way of describing that success.
“It was a banner year,” says Angelo Biondo, GM & vice president of CAM Logic.
The Oxford-based company specializes in selling product lifecycle management solutions like 3-D scanning and rapid prototyping technologies used to design, build, and improve products. It experienced 38 percent revenue growth last year selling those products and support services.
Part of that growth came through acquisition. CAM Logic bought the Midwest book of business from a competitor (Acuity) last year. That acquisition aside, CAM Logic still experienced 22 percent revenue growth, which is par for the course for the company these days. It has also hired four people, expanding its staff to 20 employees.
“We have seen steady growth,” Biondo says.
Leading that growth is CAM Logic’s team expanding its workload with its current customers, or “increasing walletshare” as Biondo says. A lot of that expanded business has come from increased sales in printing and scanning equipment.
“That business has really ramped up in the last year,” Biondo says.
Source: Angelo Biondo, GM & vice president of CAM Logic
Writer: Jon Zemke
Read more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.