How about some good news? Based on many conversations within the industry, I’ve longed pegged Inductive Automation as a growth company among a field perhaps not so active. Here is more evidence of solid growth for the company—and most likely also for this type of software.
Inductive Automation announced March 17 it has purchased land near its headquarters, with plans to construct two new buildings. The significant expansion comes 2 ½ years after its previous expansion, when the company purchased a building that allows it to grow to 285 employees. With the two new buildings, Inductive Automation will be able to triple its number of employees. The company will continue to use its current building, which is only 350 feet from the new site. Groundbreaking for the first new building is scheduled for September.
Inductive Automation makes industrial automation software that’s used in virtually every industry, in more than 100 countries. The company’s strong revenue growth is driving the need to expand. For the last 10 years, Inductive Automation’s revenues have grown, on average, 55 percent each year.
That phenomenal growth has been due to the popularity of the company’s key product, Ignition by Inductive Automation. Ignition is an industrial application platform with numerous tools for building solutions in human-machine interface (HMI), supervisory control and data acquisition (SCADA), and the Industrial Internet of Things (IIoT). Ignition software, along with its unlimited licensing model, is allowing organizations to build the systems they really want.
“We’re very excited to be expanding again,” said Don Pearson, chief strategy officer for Inductive Automation. “Most industrial organizations are trying to pull more data from the plant floor, so they can analyze it and make better business decisions. With Ignition, they can access data, analyze data, and control processes better than ever before. All this leads to a much stronger bottom line. Our customer base is expanding rapidly because we provide the tools that help people do all this in a very cost-efficient manner.”