Plex Systems Receives $6 Million Equity Investment

AUBURN HILLS, MI, Nov 09 (MARKET WIRE) --
Plex Systems, Inc., provider of the No. 1 rated ERP software for
manufacturers, today announced the company has received an investment
totaling $6 million USD from multiple sources. Plex will use the growth
capital to build on its strong customer base, expand its product
development, and accelerate sales and marketing efforts.

Funds advised by Apax Partners, a global private equity firm that has been
an investor in the company since 2006, have invested $5 million.
Additional investors include company management and the founding
investors.

"We have backed Plex Systems since 2006 and are pleased to be supporting
the company's management team as it oversees the next phase of growth,"
said Jason Wright of Apax Partners.

"Plex Systems has generated robust revenue growth and expanded into new
markets over the past two years, winning new business in a very
challenging economy," said Plex Systems CEO and President Mark Symonds.
"With our competitors faltering, and the economy starting to show signs
of life, we believe we have an immediate opportunity to accelerate our
growth and become the global leader is SaaS ERP software for
manufacturers."

For the first nine months of 2009, Plex Systems' recurring revenue grew 34
percent over the same period last year, while total revenue grew 14
percent over the comparable period in 2008. Plex Systems credits this
growth of revenue and market share to its expansion into new industries
such food and beverage processing, aerospace and defense manufacturing,
and medical device manufacturing, as well as growing its well established
position within the automotive manufacturing space.

About Plex Systems, Inc.

Plex Systems, Inc. is the developer of Plex Online, a software as a
service (SaaS) solution for the manufacturing enterprise and the only
solution to achieve the prestigious Champion ranking in Aberdeen Group's
2009 "ERP in Manufacturing" AXIS report. Plex Online offers
industry-leading features for virtually every department within a
manufacturer, including Manufacturing Operations Management (MOM) and
Quality Management Systems (QMS) for the shop floor, Customer
Relationship Management (CRM) for sales and marketing, Supply Chain
Management (SCM) for procurement, and Enterprise Resource Planning (ERP)
for finance and management. Plex Online's fully-integrated model delivers
a "shop floor to top floor" view of a manufacturer's operations, enabling
management to run their business at maximum efficiency. Founded in 1995,
Plex Systems is headquartered in Auburn Hills, Michigan, with customers
around the globe. More information is online at www.plex.com.

Plex Systems and Plex Online are trademarks of Plex Systems, Inc.

Contact:
Peggy Fenwick
Plex Systems, Inc.
Telephone: 734-516-6490
pr@plex.com

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