Cost management software developer aPriori announced today that they have raised $5 million in venture capital. The funding, from existing investor Sigma Partners, will be used to bolster the Concord-based company’s sales and service teams across the pond in Europe as well as to accelerate their sales channel in Asia and the Pacific islands.

In the press release, aPriori president and CEO Stephanie Feraday optimistically commented, “We’ve just completed a great year and we see tremendous opportunity in the US, European and Asia-Pacific marketplaces right now. This funding enables us to build on the success of the last two years to capitalize on these opportunities and make aPriori the product cost standard for discrete manufacturers.”

Though the total monetary amount of funding the company has received since its conception in 2003 it isn’t mentioned explicitly, it’s safe to speculate that–through past press releases and announcements–they’ve snagged somewhere in the neighborhood of at least $14.5 million.

aPriori prides itself as being the first software solution to provide discrete manufacturers and product companies with real-time product cost assessments throughout the entire development and production process. aPriori also owns the distinct privilege of being the 2012 MITX Innovation Award-winner for Best Business Operations Simplifier.

The investment announcement comes after aPriori disclosed their record FY2012 results, including a 61% increase in bookings, a 52% increase in revenues, a 68% increase in new customers signed, and an impressive 94% annual customer renewal rate.