IQMS Recognizes Record Revenues in 2017 with Deals Exceeding $1 million
at the Top End
Solutions geared toward ensuring manufacturers’ success, expanded product development facilities, and new partnerships support growing base of ERP customers worldwide
PASO ROBLES, CALIF. – January 24, 2018 – IQMS, a leading manufacturing ERP software and manufacturing execution system (MES) authority, today announced that the company recognized record revenues in 2017. The growth has been fueled by accelerating customer demand for IQMS’s manufacturing-centric enterprise resource planning (ERP) software. This has led to larger deal sizes, exceeding $1 million on the top end. Overall, 2017 revenues reflect double-digit growth for the sixth year in a row.
Several factors contributed to IQMS’s growth in 2017. Notably, a rising appreciation for the role of MES in modernizing manufacturing has expanded the number of businesses turning to IQMS. At the same time, the company’s continued investment in empowering manufacturers to optimize their operations also contributed to IQMS’s growth. In 2017, those investments included new product and service offerings, expanded product development facilities, and new partnerships with solutions providers.
“We have made it our mission to deliver the manufacturing-centric ERP software, supporting solutions and services that manufacturers need to meet their financial, quality, and service-level goals as they compete in the global market,” said Gary Nemmers, IQMS CEO. “That commitment is leading more manufacturers worldwide to turn to our IQMS system, which incorporates native MES functionality and single database approach to ERP, to run their businesses.”
Investing in Manufacturing Customers’ Success
In the second half of 2017, IQMS’s commitment to maximizing its manufacturing customers’ success has focused on two key areas.
A Growing Partner Network provides important channels for serving manufacturing customers in North America, the United Kingdom, European Union, Middle East and North Africa. IQMS’s two newest partners are BUTON eBusiness Solutions and Oregano Information Systems. BUTON, a software consultancy with extensive expertise in supply chain and manufacturing solutions, serves manufacturers across Southern Europe as well as the Mediterranean, including Africa and the Middle East. Oregano, a leading Israel-based consulting firm with deep expertise in ERP, serves a large installed base of local and international manufacturing companies throughout the region.
Expanded IQMS Product Development Facilities in Pleasanton, California provide an agile environment for developing MES and shop floor automation solutions that take advantage of the Internet of Things (IoT) and other enabling technologies. Since opening in early 2017, the office has continued to grow and is now staffed by more than 30 employees. These team members are dedicated to delivering solutions for the increasing ranks of manufacturers, who seek to implement Industry 4.0 best practices in building and operating manufacturing facilities that compete in the global market.
Growing Industry Recognition
IQMS was recognized in a number of business awards and industry reports throughout 2017. For example, in Q4 2017, IQMS was acknowledged in three reports published by Gartner:
- The Gartner “Industrial and High-Tech/Electronics Manufacturing Context: ‘Magic Quadrant for Manufacturing Execution Systems’” report1 identifies IQMS as one of five Notable Vendors in the Industrial Manufacturing category.
- The Gartner “Consumer Goods/Food and Beverage Context: ‘Magic Quadrant for Manufacturing Execution Systems’” report2 identifies IQMS as one of four Notable Vendors.
- The Gartner “Life Sciences Context: ‘Magic Quadrant for Manufacturing Execution Systems’” report3 identifies IQMS as one of four Notable Vendors.
IQMS also received three awards in Q4 2017:
- 2018 Wealthfront Career Launching Companies List, which named IQMS on its sixth annual list recommending information technology companies where young people should start their careers.
- FinancesOnline Top 20 ERP Tools of 2017 List featured IQMS on the list as a “manufacturing-exclusive ERP solution that provides full control over all aspects of the manufacturing operation.”
- The ERP Writers’ Awards 2017 recognized IQMS with a Silver Award in the Best Vendor Blog category.
Throughout 2017, IQMS was recognized in several other areas. Notably, the 2017 Inc. 5000 marked the seventh year in a row that IQMS appeared on the list of fastest growing private companies in America. IQMS also earned a rating of four out of five stars in two Software Advice reports based on end-user reviews submitted to Software Advice: FrontRunners Quadrant for Manufacturing, June 2017, and FrontRunners Quadrant for Enterprise Resource Planning, April 2017. Additionally, IQMS won three Stevie® Awards in the 14th Annual International Business Awards, including Gold Stevie® Awards in both the Customer Service Team of the Year and Executive of the Year – Computer Software categories, as well as the Silver Stevie® Award in the Company of the Year – Computer Software (Large-size) category. Finally, IQMS was named one of the “20 Most Promising ERP Solution Providers 2017” by CIOReview.
“Our top priority is empowering manufacturers to maximize their operational efficiency and effectiveness using our IQMS software,” said Nemmers. “We are honored by the industry recognition that we believe further validates our software, our educational efforts, and our team in serving manufacturing customers worldwide.”
1Gartner “Industrial and High-Tech/Electronics Manufacturing Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” by Rick Franzosa, December 14, 2017.
2Gartner “Consumer Goods/Food and Beverage Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” by Rick Franzosa, November 30, 2017.
2Gartner “Life Sciences Context: ‘Magic Quadrant for Manufacturing Execution Systems’,” by Rick Franzosa, December 11, 2017.
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IQMS uniquely combines ERP and MES functionality to give manufacturers a comprehensive end-to-end suite for running the business, backed by the real-time performance and scalability that companies demand. Developed specifically for mid-market repetitive, discrete and batch process manufacturers, IQMS provides robust capabilities for addressing strict customer and regulatory certification and compliance. IQMS achieves this by delivering traditional ERP functionality for accounting, sales orders, material requirements, inventory and purchasing, plus extended native features for CRM, human resources, production scheduling, shop floor control, warehouse and quality modules. With offices across North America, Europe and Asia, IQMS serves manufacturers around the world. For more information, please visit http://www.iqms.com.