IQMS is Named to 2018 Wealthfront Career Launching Companies List
Sixth annual Wealthfront Career Launching Companies List identifies information technology companies where young people should start their careers
PASO ROBLES, CALIF. – October 30, 2017 – IQMS, a leading manufacturing ERP software and manufacturing execution system (MES) authority, today announced that it has been recognized on the 2018 Wealthfront Career Launching Companies List. The sixth annual list recommends information technology companies where young people should start their careers.
Published by Wealthfront, Inc., the list was developed with input from 13 of the industry’s premier venture capital firms. To qualify for the list of United States-based mid-sized companies with momentum, a company must be privately held, have a revenue run rate by year end of between $20 million and $300 million, be on a trajectory to grow at a rate in excess of 50% for at least the next three or four years, and have compelling unit economics.
“We believe the companies we list each year are the ideal places for young people to start their careers because they are all highly likely to turn into large businesses, and nothing early in your career is more important than achieving success—and nothing signals success more than working for a successful company,” said Wealthfront Co-founder, President and CEO Andy Rachleff in announcing the 2018 Wealthfront Career Launching Companies List.
Investment in Employees is Key to IQMS Growth
IQMS has continued to recognize record growth in 2017. Fueled by customers’ demand for IQMS’s manufacturing-centric enterprise resource planning (ERP) software, the company has seen its deal sizes increase, with the largest sales exceeding $1 million. To support that growth in the second half of 2017, the IQMS human resources team has been onboarding at least one new staff member every single week.
Key to increasing customer demand has been the company’s investment in solutions and services that strengthen the success of both manufacturers and the IQMS employees that support them. Among these investments has been the restructuring of IQMS product support, providing new growth opportunities for specialists with tiered position titles, as well as nine new management and supervisor roles—all of which were filled internally.
Additionally, new hires in the product support team undergo 90 days of core hands-on product training in the lab, followed by 30 days of shadowing and mentoring with senior specialists on the floor, concluding with both written and verbal testing on product knowledge and an evaluation of call handling and customer service skills. This has led to a 94% success rate among team members that has contributed to a 98% customer retention rate. At the same time, the average employee works at IQMS for four years, roughly twice the overall average for technology companies.
“IQMS’s growth is based on the success of both our customers and employees, and we are committed to empowering them to achieve their full potential—whether using our software to optimize their manufacturing operations or helping customers to maximize the value of our solutions,” said IQMS President and CEO Gary Nemmers. “We are honored to be included on the 2018 Wealthfront Career Launching Companies List, which validates our strength as a company that provides tremendous opportunities for people seeking careers in the tech industry.”
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 https://www.iqms.com.