Pennant International, the South West-based training software specialist, has landed a major US defence contractor as the second buyer of its upgraded, market-leading system support software via its global partnership with Siemens.<\/p>\n
Pennant, based at Staverton, near Cheltenham, struck a licensing agreement with Siemens Digital Industries Software just over a year ago to distribute Auxilium \u2013 GenS as part of its Teamcenter platform.<\/p>\n
It secured the first deal under the partnership in June with an unnamed North American digital engineering customer that supports defence, national security and space domain missions.<\/p>\n
Now it has followed that with an unnamed major US defence end user, demonstrating what it said was a growing commercial traction from the relationship.<\/p>\n
Pennant said as a result of continued new customer acquisition and expansion within its existing customer base, Auxilium\u2019s annual recurring revenue had now reached around \u00a32.9m, a new high for the group, compared with \u00a32.4m at the end of 2025.<\/p>\n
Phil Walker, CEO of Pennant International Group, said: “We are delighted to have secured a further Auxilium sale through our partnership with Siemens.<\/p>\n
\u201cAchieving a second channel-driven win with a major US defence customer provides further validation of both our product offering and our go-to-market strategy.”<\/p>\n
Auxilium is a key generator of recurring revenues for the business, along with technical services and training services.<\/p>\n
Pennant describes Auxilium as a \u201cpowerful, unified toolset to manage, model and exploit complex systems data at scale\u201d. It is a key generator of recurring revenues for the business, along with technical services and training services.<\/p>\n
Founded in 1958, Pennant has grown significantly over the years through a combination of organic growth and through several acquisitions and now employs more than 100 people in its offices in Europe, North America and the Indo-Pacific.<\/p>\n","protected":false},"excerpt":{"rendered":"
Deal provides further validation of its product offering and go-to-market strategy, says CEO<\/p>\n","protected":false},"author":272345,"featured_media":41824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127714,7],"coauthors":[137101],"class_list":["post-45476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-manufacturing","tag-featured-story","tag-gloucestershire","tag-south-west"],"yoast_head":"\n