Qualtrax, Inc., a Blacksburg, Va.-based provider of compliance software solutions, received a major growth equity investment of undisclosed amount.
The (multi-million dollar) investment was led by Common Wealth Growth, Lyden Capital, and other existing investors.
The new capital will be used to further accelerate investments in sales and marketing, continued product innovation and expansion into new markets.
Founded in 1993 and led by Amy Ankrum, chief executive officer, and Ryan Hagan, chief operating officer, Qualtrax provides companies and accrediting bodies with a complete compliance management solution to streamline and simplify accreditation, document, and process management; as well as testing, training, and integrations.
The company’s client base spans organizations across a wide range of industries around the world.