Turnover Growth Thanks to Cloud and IoT

We were once again able to grow our turnover in 2017. Consolidated turnover increased to €13 million in 2017, while the number of employees at the St. Georgen location rose to 86, to 12 at the Hanover site and to 83 at our subsidiary in Suzhou, China. New technologies such as Cloud Computing and the Internet of Things (IoT) have contributed significantly to our growth. M&M Software combines the knowledge of new technologies such as Cloud and IoT with the industry know-how of industrial automation. More and more customers rely on us for development partnerships. Thus, the traditional business, the consulting and software development services were expanded with existing and new customers. At the end of the year, we introduced an augmented reality solution developed in collaboration with a client. This Augmented Reality solution is software that virtually augments reality with contextual information using Microsoft's HoloLense smartglasses. Specifically, software-driven instructions for complex assembly steps were implemented in the application. After the positive annual results for 2017, we set ambitious targets for 2018. An increase of around 15% of consolidated sales to 15 million is targeted. For this purpose, 12 employees will be recruited at the site in St. Georgen, 4 in Hanover and 10 in Suzhou. However, the employee search is the biggest challenge in the new year. Our service portfolio is correct, the customers are there, only employees are missing.
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M&M Software GmbH
Industriestr. 5
78112 St.Georgen
Tel.: +49(0)7724/9415-0
Fax: +49(0)7724/9415-23
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info@mm-software.com