aPriori Opens New Center for Advanced Cost Modelling
5.12.2016 15:00 | NASDAQ OMX
CONCORD, Mass., 2016-12-05 15:00 CET (GLOBE NEWSWIRE) --
aPriori, the leading provider of product cost management (PCM) software solutions, today announced the opening of a new software development and technology implementation center, headquartered in Belfast, Northern Ireland. The new Center for Advanced Cost Modeling will be staffed by 15 highly skilled engineers that will expand aPriori’s cost modeling, software development, quality assurance and implementation capacity. These engineers will build upon the world class research & development staff working out of aPriori’s corporate headquarters in Concord, MA in the USA.
The new office also represents a productive new partnership with Invest Northern Ireland. Representing Invest NI for the announcement at Parliament Buildings in Belfast, Economy Minister Simon Hamilton MLA proclaimed, “aPriori Technologies is an exciting and growing business with a global customer base and its decision to establish a technical center in Belfast is a unique investment which requires engineering and software expertise.”
aPriori’s product cost management platform provides global product design and sourcing teams with real-time cost estimates on individual components, subassemblies and complete products. The software leverages CAD and intelligent cost models to quickly determine feasible manufacturing methods and product costs while generating detailed manufacturing analysis and cost estimates that quantify the impact of changes to product design, materials, manufacturing processes, volumes and location in real time.
aPriori President and Chief Executive Officer, Stephanie Feraday, attending the opening ceremony in Belfast today remarked, “Cost modelling and implementation of product costing solutions requires particular expertise. With growing customer demands, we realized we needed to recruit more staff to support the company’s continued development. Invest NI has been working with us over the past 16 months as we considered our options and its support with our investment was a significant factor in our decision to locate a new technical center in Northern Ireland. The quality of research and teaching at Queen’s University’s School of Mechanical and Aerospace Engineering impressed us and we are confident that we can find the qualified technical staff we need among Northern Ireland’s engineering talent base to support our growth plans.”
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. Using aPriori’s real-time product cost assessments, employees in engineering, sourcing and manufacturing make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and avoid overpaying for sourced parts. To learn more about aPriori and its product cost management solutions and services, visit www.apriori.com or call 1.978.371.2006. To see an overview demonstration of aPriori, click here.
aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc. All other trademarks, registered trademarks or service marks belong to their respective holders.
CONTACT: Rick Burke Vice President, Marketing firstname.lastname@example.org 978.451.7675
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