Paso Robles-based software firm IQMS has taken an outside investment for the first time in its 25-year history, raising an undisclosed sum from the same financiers who have backed Facebook, Expedia and Netflix. The company said Aug. 19 that Technology Crossover Ventures led the funding round with Banneker Partners participating. The terms of the deal Read More →
Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →
A Ventura company is bringing the same kind of sophisticated software that global manufacturers use to run their businesses to the fresh food industry.
Santa Barbara-based manufacturing software firm QAD said Dec. 31 that it purchased Michigan-based Cebos for $5 million in cash. QAD sells planning and management software used by large manufacturing firms around the world. Cebos provides management and regulatory compliance software. QAD will pay $3.5 million upon closing the deal and then $1.5 million subject to Read More →
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Paso Robles-based software firm IQMS broke ground on a second 30,000-square-foot building on Nov. 14. The company makes software that manufacturers use to track production and plan for materials purchases. With a strong customer base in the automotive component manufacturing industry, the company has been expanding its offers with new sensors and hardware that let Read More →
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