IQMS Receives Growth Equity Investment

Funding Rounds

Summary

IQMS, a Paso Robles, CA-based manufacturing ERP and MES software provider, received a growth equity investment of undisclosed amount.The company intends to use the funds to accelerate growth through investment in sales, marketing and product development.Following the deal, IQMS founders, Randy and Nancy Flamm, will retain a substantial ownership position in the company.Founded in 1989, IQMS provides extended ERP and MES software, as well as hardware solutions, for the repetitive, process and discrete manufacturing industries.Its real-time solution is utilized by several thousand users across a variety of end markets including automotive, medical, packaging, consumer goods, food and beverage and chemicals.

$ Funding

$
Amount - Total raised
Date August 20, 2014 Announcement date
Investors Technology Crossover Ventures Lead investors
Company http://www.iqms.com Funded company

Classifications

industries
Manufacturing Industry
applications
ERP & Process Management

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