Nexiant Plans Major Upgrade

Lake Forest-based Nexiant, the developer of software-as-a-service for materials management (MRO), said this morning that it is planning a major software release. The firm said it MRO (Maintenance, Repair, and Operations) software will include ability to control material usage at multiple inventory locations, better visibility and analysis across sites, tools to set up business rules, and more. The entire software will deploy on Microsoft's Windows Azure cloud. The company said deployments will begin in early 2012. Nexiant is venture backed by The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures.