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IQMS Receives Additional $40M Investment

Plastics Business

IQMS, Paso Robles, California, announced that growth equity firms Technology Crossover Ventures (TCV) and Banneker Partners have made an additional $40 million investment in IQMS for a total of $75 million over the past year.

In conjunction with the investment, IQMS has hired veteran enterprise software professional Gary Nemmers as its new CEO. Joining IQMS from WMS vendor HighJump, Nemmers has a track record of taking companies to the next level of sales and operational excellence. IQMS founder Randy Flamm will be transitioning to the role of chief product officer and remain as chairman of the board of directors.

For more information, visit www.iqms.com.