202126 May

CMX Announces $50 Million Series A Investment | CMX News

Summary

San Diego, Calif. – May 26, 2021 – CMX, a leading provider of enterprise quality management software (EQMS), today announced it has completed an investment led by Morgan Stanley Expansion Capital. Using automation, data, visibility, and insights, the CMX1 platform enables food, retail, hospitality, and service organizations to digitally transform quality, risk, safety, and compliance-focused programs. During the COVID-19 pandemic, the CMX1 platform has been instrumental in helping companies accelerate digital transformation initiatives, maintain compliance with new operational standards, and ensure the health and safety of their employees and customers. CMX, now trusted by over 40 leading brands, is at the forefront of technological leadership in the quality, risk and safety assurance market,” said Lincoln Isetta, Managing Director of Morgan Stanley Expansion Capital. We believe CMX is well-positioned to address the increasing demand for these services as well as the accelerated adoption of enterprise cloud solutions”, added Nick Nocito, Vice President at Morgan Stanley Expansion Capital.

Source: Cmx1

Funding

$50M
Amount
May 26 2021
Date
-
Investor
CMX
Company

Classifications

Companies