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IQMS Speeds Growth With Double Digit Increases in 2007
Jan 22, 2008 (08:01 AM EST)
PASO ROBLES, Calif., Jan. 22 /PRNewswire/ -- IQMS, a leader in the design and development of Enterprise Resource Planning (ERP) software, today announced another year of rapid growth with a 22 percent increase in sales and an increase in profits of 50 percent over year-end 2006. This success builds upon consecutive double-digit growth accrued over the last several years, and demonstrates the company's ability to sustain growth in manufacturing industry markets such as plastics, medical devices, consumer goods, and automotive. Significant customer wins are credited to EnterpriseIQ, the company's comprehensive, single-source ERP software, and IQMS's ability to implement on time and within budget. The benefit to manufacturers is evident in the company's rapid growth, which is further strengthened by a recurrent 98 percent of customers renewing annual maintenance contracts with IQMS.
In addition to customer successes, IQMS continued to receive kudos and recognition from the manufacturing industry in 2007. The company was once again named as one of the "Top Emerging 40 Companies" by Manufacturing Business Technology, and was listed as "One of the Top 100 IT Providers" by Inbound Logistics. IQMS was also included in the "START-IT Top 125", a list of the most influential manufacturing technology providers as determined by the editors and editorial advisors of START-IT magazine. Each of these publications acknowledged IQMS for providing solutions that drive supply chain excellence and help manufacturers achieve leaner, more cost-effective operations.
With continued business growth, IQMS expanded its employee base in 2007. The company added a full-time human resources department, and increased its Electronic Data Interchange (EDI) development and support staff by a full 20 percent. The company also grew its overall support staff by 10 percent, forming two groups that now provide enhanced but separate customer support for manufacturing and accounting businesses. To accommodate additional staff, IQMS began construction to augment its corporate headquarters, adding 35 percent more working area. An additional five acres adjacent to its corporate offices were also purchased for future expansion to a campus setting.
"We continued to pace beyond expectations in 2007," said Randy Flamm, president and founder of IQMS. "Both customers and prospects are amazed at the robust, feature-reach capabilities IQMS provides in a single-source ERP software solution. As the economy puts more demands on manufacturing businesses, companies look to find ways to run lean and still increase profits. Many of our new customers acknowledged their previous struggle with so called best-of-breed products that are cobbled together, and they saw the benefit of a single-vendor ERP system that is specifically and intuitively designed to meet their particular manufacturing needs. For these manufacturers, IQMS and EnterpriseIQ stand to be the last ERP system they will ever need to buy."
As IQMS continues to grow so does its dedication to giving back through local community support and outreach. IQMS sponsors such organizations as the Economic Vitality Corporation (EVC), the Paso Robles Chamber of Commerce, and Softec. In addition, IQMS has donated a significant portion of revenue to youth encouragement and charitable organizations such as Skill's USA, Leukemia and Lymphoma Research, and Women and Children's Shelters.
Since 1989, IQMS has been a pioneer in the design and development of ERP software for repetitive, process and discrete manufacturing industries. Today, IQMS provides leading real-time manufacturing, accounting, machine monitoring, quality control, supply chain, CRM and eBusiness solutions to the automotive, medical, packaging, consumer goods and other manufacturing markets. The only complete, single-source enterprise software solution, EnterpriseIQ offers real-time front office, accounting, manufacturing and supply chain management in a single database. With offices across North America, Europe and Asia, IQMS serves manufacturers around the world.
IQMS and EnterpriseIQ are trademarks of IQMS. All other brand and product names are the trademarks of their respective companies.
CONTACT: Daniele Fresca of IQMS, +1-805-227-1122, email@example.com
Web site: http://www.iqms.com/