This also applies to business at our subsidiary BHC, which advises and supports companies when implementing PLM and ALM solutions for mechatronics and software development. The company has its hand full dealing with all its consulting jobs. Our US subsidiary is also moving swiftly from one record-setting year to the next.
We took advantage of the last business year to make the sales organization in our product-related business operations even more efficient. We also expanded our portfolio to include a new solution for creating digital threads and ensuring traceability. OpenCLM is generating a great deal of interest in manufacturing industry, even though many companies are not yet in a position to deal with the issue of end-to-end digitalization. They are therefore first assessing the suitability of their processes and methods in consulting and pilot projects.
An important objective for the current year is to standardize our products and solutions to an even greater extent and offer them as a service from the cloud. In the medium term, the majority of our customers are planning to operate their IT solutions in the cloud or purchase them in their entirety as SaaS offerings. We are already well prepared for this and plan to transform our entire portfolio into a cloud-native offering in the near future to ensure that our customers can fully exploit the advantages that the cloud offers.