A 95 percent organic growth rate lands IQMS on the Inc. 5000 list for an extremely rare fourth time in a row
PASO ROBLES, CALIF. – Aug. 20, 2014 –IQMS, a manufacturing ERP software and MES developer with an ongoing, proactive commitment to its product and relationships, today announced that for the fourth consecutive time, it has placed on the prestigious Inc. 500 5000 list of fastest growing private companies in America. Ranked at No. 3,487, IQMS qualified for the list at nearly the same steady rate of growth as last year.
Inc. magazine culled the 2014 list of elite companies by measuring revenue growth from 2010 to 2013. The select few who ranked this year did so at a time when growth in the United States and Europe had mostly stalled, making their performances that much more impressive. IQMS realized an organic growth rate of 95 percent over the past three years to earn its Inc. four time bragging rights.
"Only a tiny fraction of the nation's companies have demonstrated such remarkably consistent high growth, particularly in the difficult economic environment of the past few years," said Eric Schurenberg, Inc. magazine president and editor-in-chief, in a special congratulatory letter. "This achievement truly puts IQMS in rarefied company."
IQMS attributes is strong growth over the past three years to a few critical elements: An advanced, comprehensive software solution that pushes the boundaries of shop floor control with state-of-the-art advancements, lean operations throughout the IQMS organization and an innovative, supportive customer base.
"At the same time as our notification of placement on the Inc. list, IQMS was finalizing our first institutional round of funding," said Randy Flamm, president at IQMS. "This important strategic growth equity partnership will allow IQMS to grow even faster and extend our leadership position further than ever before. We look forward to many more years of placement on the prestigious Inc. list."
For the past 25 years, IQMS has been designing and developing manufacturing ERP software for the repetitive, process and discrete industries. Today, IQMS provides a comprehensive real-time ERP software and MES solution to the automotive, medical, packaging, consumer goods and other manufacturing markets. The innovative, extended single-database enterprise software solution, EnterpriseIQ, offers a scalable system designed to adeptly grow with the client and complete business functionality, including accounting, quality control, supply chain, shop floor, CRM and eBusiness. With offices across North America, Europe and Asia, IQMS serves manufacturers around the world. For more information, please visit www.iqms.com.