IQMS Receives Additional $40m Growth Investment

IQMS-logoIQMS, a Paso Robles, CA-based manufacturing ERP software provider, received an additional $40m growth investment.

Growth equity firms Technology Crossover Ventures (TCV) and Banneker Partners made the investment.

The company intends to use the funds to continue to grow as a leader in manufacturing ERP and automation.

Led by new CEO Gary Nemmers, who joined from WMS vendor HighJump, and founder Randy Flamm, who will be transitioning to the role of chief product officer while remaining as chairman of the Board of Directors, IQMS develops manufacturing ERP software for the repetitive, process and discrete industries. Today, the company provides a comprehensive real-time ERP software and MES solution to the automotive, medical, packaging, consumer goods and other manufacturing markets. The solution offers a system designed to grow with the client and complete business functionality, including accounting, quality control, supply chain, shop floor, WMS, CRM and business.



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