IQMS Secures Significant Growth Investment
IQMS, Paso Robles, CA-based manufacturing ERP and MES software provider, has announced that Technology Crossover Ventures (TCV) led a strategic growth equity investment in the company. IQMS joins Facebook, Expedia, Netflix, OSIsoft and other technology innovators as a TCV investment. Banneker Partners also invested in IQMS.
This marks the first institutional round of funding received to date, which IQMS will use to accelerate growth through investment in sales, marketing and product development, while continuing to deliver superior customer support. IQMS founders, Randy and Nancy Flamm, will retain a substantial ownership position in the company. Terms of the transaction were not disclosed.
For more information, visit www.iqms.com.