Tuesday, December 11, 2018

IQMS Acquired By Dassault For $425M

In another big, software acquisition for California's Central Coast, Paso Robles-based IQMS, a developer of ERP software for the engineering and manufacturing industry, has been acquired by French software giant Dassault Systemes. Dassault said that it is paying $425M in cash for IQMS, in order to extend its solutions to business operations for small and midsized manufacturers. IQMS develops manufacturing ERP software which are used by manufacturers to manage their business processes. IQMS--which has received backing in the past from such companies as Technology Crossover Ventures, Bannekar Partners--provides its software both as on-premise software (EnterpriseIQ) as well as a cloud-based offering (WebIQ). Gary Nemmers is President and CEO of IQMS.

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