A letter from our CEO
As we reset the business year and pick ourselves off of the floor I reflect on the year gone by. Cimquest went thru a very challenging but necessary transition over the past 17 months which still, in part, continues today. We embarked on a journey leaving the safety of Stratasys and the valued business relationships with both our customers and vendor. This transition meant losing more than half of our revenue. However, in the process, we acquired additional valued customers utilizing the Mastercam CNC programming software. While the net of this changed still left us with over a 30% revenue shortfall, myself and our team really believed in our long-term strategy and continued to make significant time and money investments in our endeavor. In the past 8 months we have added 7 new people to our team in brand new positions and will be looking to add another 4 over the next several months. And, we will be soon opening our new Cincinnati Ohio office with a grand opening celebration in February. The good news is that our investments have paid off and Cimquest has just completed its best year and we are proud to announce that thanks to your our valued customers, we are now the largest Mastercam Value Added Reseller in the world!
This year our pace of change and investments will not waver. Please look for more exciting announcements from team Cimquest as the year goes on. We are also looking forward to our big event in October where we strive to bring the best value-added content of any event in the Manufacturing and Design space. Due to the over-capacity registration at our last event, this year’s event will be held over 3 days, from October 22nd to the 24th. We are now starting the process of collecting interest in those who would like to present their story or knowledge that can greatly benefit the Manufacturing/Design community. With all of our new and soon-to-be-announced additional product offerings, we look forward to you joining us at the event.
As we continue to grow, we are keeping our eyes on what is important and that is maintaining/growing a quality team who endeavors to provide world-class support to our valued customers. I wish you all a happy, healthy and profitable New Year and look forward to supporting you and your companies this year and beyond. As always, if you have any questions, comments, or just want to reconnect my number is 732-699-0400 x220.
Rob Hassold, CEO