Redwood City, CA-based Propel Software has announced a record bookings performance for fiscal year ended 31st January 2026 led by manufacturers migrating from legacy product lifecycle management (PLM) software to its product value management (PVM) platform.
Propel achieved 42% year-over-year (YoY) bookings growth with the FY26 results marking a multi-year growth trajectory that includes five consecutive appearances on the Deloitte Technology Fast 500. The company's expansion reflects manufacturers accelerating migration from end-of-life legacy PLM and QMS systems to modern, cloud-native platforms powered by agentic AI and multi-CAD integration.
Propel Growth Drivers: Product Innovation, Partners, and Agile Replacement Wins
Propel's 2025 performance was fueled by three key factors.
"Legacy PLM systems showed themselves as a true liability in 2025. Manufacturers realized decades-old platforms don't just slow product operations, they sequester the very data and context AI needs to drive performance," said Ross Meyercord, CEO of Propel Software. "Our customers are using Propel's unified product data to build better products faster. They're using speed and insight to prevent problems instead of reacting to them. Manufacturers using legacy solutions can't keep up with manufacturers who continually push technology to do more."
DesignHub and Propel One Address Critical Manufacturing Challenges
Manufacturers adopted DesignHub and Propel One in 2025 to:
These benefits support fast time to market, improved product quality, and enhanced commercialization, eliminating complex CAD-PLM integrations and manual processes that slow down development and delay sales and service operations.
Manufacturers Select Propel as Leading Alternative for End-of-Life Agile PLM
Organizations migrating from end-of-life PLM legacy solutions selected Propel as their modern, cloud-native alternative in 2025. Manufacturers replaced aging Agile PLM systems with Propel to address critical business needs such as enhanced security, enterprise-wide collaboration, improved version control, and faster product launches. Propel's cloud-based platform modernizes manual and legacy Agile-based systems while facilitating seamless collaboration between design, manufacturing, quality, and supply chain teams throughout the product lifecycle, from concept to end-of-life.
"Our legacy Agile system was limiting how quickly and effectively we could react to data the system collects and manages," said Stacy Sanford, Global Quality System Manager at Nextern, a contract design, development and global manufacturing company for medical devices. "Propel gives us exactly what we've been missing - a modern, secure cloud platform that keeps everyone connected with real time data from early concept all the way through production. We are excited to be deploying Propel to improve our employee and customer product lifecycle management experience."
Manufacturers using Propel to replace legacy on premise and rigid first generation cloud PLM systems achieved measurable results including up to 40% reduction in change order cycle times, 100% data accuracy, and seamless supplier collaboration.
With an established record of improving product quality, speeding time to revenue and profit, and improving customer satisfaction. Propel is recognized as one of America's fastest growing private companies on the Inc. 5000 and is a four-times winner of Deloitte Technology Fast 500 - as well as one of Fortune America's Most Innovative Companies.
Built on Salesforce, Propel drives product success for hyper growth startups, corporate pioneers, and Fortune 500 leaders in the high tech, medtech and consumer goods industries.
Visit www.propelsoftware.com.
