IQMS Raises $40M More

Paso Robles-based IQMS, a developer of manufacturing ERP software, announced late Tuesday that it has raised $40M more in an investment round. The funding came from Technology Crossover Ventures and Bannekar Partners. According to IQMS, the new funding brings its total raised over the past year to $75M. As part of the funding round, IQMS said it has appointed Gary Nemmers as the company's new CEO; Nemmers was previously at HighJump. IQMS founder Randy Flamm becomes Chief Product Officer, and continues on as Chairman. More information »