Fiscal Year 2020: TeamEDA, Inc. Maintains Stable Growth

TeamEDA, Inc. Continues to Grow with the launch of LAMUM 9.3, welcoming new partners, and continuing to serve as an expert in the industry

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TeamEDA

Jan 27, 2021, 11:00 ET

MANCHESTER, N.H., Jan. 27, 2021 /PRNewswire-PRWeb/ -- TeamEDA, Inc., a leading engineering license optimization technology company, continued to grow 16% in the 2020 fiscal year. This is on trend with the previous growth of 25% in 2019.

"We are quite satisfied with our revenue growth. In 2020, we are proud to have launched LAMUM 9.3, welcomed a number of new partners, continued to serve as an expert in our industry as well support customer growth," said Guy Haas, President. Even in this challenging time, Guy Haas is confident that TeamEDA will continue to grow. Many customers have had to rethink their hiring and engineering projects with the challenges and market conditions and LAMUM was invaluable to allow for better decision making.

Product Launch

TeamEDA is proud to have released LAMUM 9.3. LAMUM 9.3 now offers:

  • Multiple-graphs of same tool on one page.
  • Support for Altium Nexus/Vault, Codemeter, Zemax (Sentinel HASP/LDK)
  • SSO (Single Sign On) makes logins easier, more secure and better comply with many corporate policies
  • Duplicate-license checkout Alert
  • Denials Threshold Alert
  • A current check out "restricted view."

New Global Partner Introduction

"The TeamEDA channel partner program has grown by 80% due to a global recruitment effort to extend sales coverage to Asia Pacific, Latin America, and Middle East/North Africa regions," said Paul Riviere, Worldwide Channel Partner Manager. "With a focus on rightsizing, cost/savings, and license compliance, we expect the TeamEDA channel partner program to grow by an additional 50-100% to fill in gaps in sales coverage and to address growth fueled by IT SAM methodologies extending to engineering departments."

TeamEDA's new partners include Global Computing (Mexico), Tenzor (Israel), United Egypt (Egypt) and Kaviaz Technology (Taiwan), CAD MicroSolutions (Canada). TeamEDA is also working on establishing technology partnerships by adding License Dashboard. TeamEDA remains a strong relationship with BasiCAE (China), New Link Technologies (South Korea), and Tokyo NanoFarm (Japan).

About TeamEDA, Inc.

TeamEDA are experts in the development and deployment of Integrated Software License Management and Optimization for Engineering Applications to monitor the leading Engineering tools for CAD, CAM, CAE, EDA, PLM, and many other Design, Simulation, Modeling, and Analysis tools. With its proprietary software, TeamEDA combines both License Asset Management with Usage Monitoring into one integrated suite of services. LAMUM™ is a best-in-class software tool that no engineering manager's toolkit is complete without. Learn More: https://teameda.com/

Media Contact

Paul Riviere, TeamEDA, +1 (603) 656-5200 Ext: 113, [email protected]

Paul Riviere, TeamEDA, (603) 656-5200 113, [email protected]

SOURCE TeamEDA