# Plex Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plex-systems

- Industry: Software
- Headquarters: Troy, US
- Website: www.plex.com
- Total disclosed funding: $50M
- Latest round: Series B (Jun 9, 2014)
- Investors on record: 4

## About

Based in the US, Plex Systems Inc. specializes in providing a Smart Manufacturing Platform that integrates systems, machines, and supply chains to enhance operational efficiency for manufacturers.Plex Systems Inc. is a provider of a Smart Manufacturing Platform, headquartered in Troy, Michigan, US. Founded in 1995 by Vijayalakshmi Jegannathan, the company was recently acquired by Rockwell Automation, Inc. on June 25, 2021, for USD 2.22 billion, which enables Rockwell to expand its cloud-native offerings. The company has engaged in seven deals throughout its history.Plex, operated by Rockwell Automation, provides a comprehensive Smart Manufacturing Platform designed to enhance operational efficiency by integrating people, systems, machines, and supply chains. Central to its offerings are modules such as Manufacturing Execution System (MES), Enterprise Resource Planning (ERP), Quality Management System (QMS), and Supply Chain Planning (SCP). These products streamline business processes, automate data tracking, and facilitate real-time analytics from the plant floor to executive levels. Target customers include manufacturers across various industries, such as automotive, food and beverage, and aerospace, with a strong presence in North America, Europe, and Asia, seeking to eliminate siloed operations and improve decision-making through data-driven insights.Plex generates revenue primarily through subscription-based services, facilitating a B2B model where manufacturers subscribe to various software solutions tailored to their operational needs. These subscriptions grant clients access to critical functionalities within the Plex Smart Manufacturing Platform, enabling them to manage production, quality, and supply chain processes effectively. The structure of these transactions often involves tiered pricing plans, allowing businesses to scale services according to their specific requirements. This model supports ongoing revenue generation as clients renew their subscriptions annually. The company’s flagship offerings, such as Plex ERP and Plex QMS, are integral to its revenue model, providing essential tools for modern manufacturing environments.Plex Systems Inc. plans to leverage the recent acquisition by Rockwell Automation, Inc. to enhance its cloud-native smart manufacturing offerings. Although specific new products have not been detailed, the acquisition is positioned to support expansion into new geographic markets. With the significant funding from the acquisition amounting to USD 2.22 billion, the company is expected to focus on strategic initiatives aimed at bolstering its platform capabilities and increasing market penetration in sectors that demand advanced manufacturing solutions.

## Funding rounds

- Series B, Jun 9, 2014, $50M — Accel, Francisco Partners, T Rowe Price, Autodesk

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series B
- Francisco Partners (https://capitalatlas.ai/funds/francisco-partners) — Series B
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series B
- Autodesk (https://capitalatlas.ai/funds/autodesk) — Series B