Plex, a Troy, Mich.-based provider of cloud ERP for the manufacturing enterprise, closed $50m in new financing.
The round was led by funds and institutional accounts managed by T. Rowe Price Associates, Inc., with participation from existing investor Accel Partners.
The company plans to use the funds to accelerate investment in sales and marketing, as well as research and development.
Led by Jason Blessing, chief executive officer, Plex Systems provides a cloud-based ERP for organizations to manage all aspects of manufacturing, from execution, quality, supply chain, financials, HR and CRM.
It is used by nearly 400 companies representing more than 1,100 operations in 20 countries worldwide.