IQMS Receives Growth Equity Investment
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
AskAI Classifications
Labels
No AI classifications detected