Posted by Jason Maynard, EVP of Strategy and Corporate Development
Today was an important day for manufacturers struggling to
cope with the pace of modern business while being burdened with legacy,
on-premise applications built for last generation’s business problems. We are
proud to announce the acquisition of IQity Solutions, a privately-held, cloud-based advanced manufacturing
software solution natively built on the NetSuite, the #1 Cloud ERP platform.
The addition of iQity brings an immensely talented team, deep domain expertise
in process and batch manufacturing, and proven customer success.
It’s a timely move given the momentum we’ve seen with
manufacturers moving to the cloud. Certainly
the savings in moving from on-premise to the cloud is reason enough to make the
switch from outdated systems like SAP and Infor to NetSuite. In the last
quarter alone, we saw 17 companies leave SAP behind in favor of NetSuite and we
believe that by adding IQity’s capabilities we will continue to liberate even
more customers moving forward.
Indeed, there are
compelling reasons to update aging, brittle systems beyond the IT savings and the
promise of escaping the vicious cycle of software and hardware upgrades and the
business upheaval that goes with it. Now,
manufacturers are moving to the cloud for the agility it brings. The industrial
Internet of Things (IoT) is already upon us and manufacturers need systems that
can adapt. What’s more, they need it in a single system, not cobbled together
point solutions to address manufacturing-specific needs spanning shop
floor and project control, multi-site and multi-division operations and
warehousing, demand planning, production engineering, lot and serial control,
standard costing, bill of materials and assembly builds. A single solution,
built in the cloud gives them the best of both worlds.
is already transforming manufacturing. Rapidly evolving customer
expectations, 3D printing and suppliers, customers and manufacturing partners
spread across the world with constant demands for real-time insight into
inventory and the supply chain are adding additional pressures. Businesses
consumed with maintaining a patchwork of point solutions are in no position to
capitalize on the latest trends.
in the marketplace is a testament to their experience and reflects just how
flexible the SuiteCloud development platform can be, meeting needs as diverse
as Point of Sale, HR and now manufacturing.
With the IQity Advanced
Manufacturing SuiteApp natively on the NetSuite platform, we have already armed
40 joint customers with the tools they need to transform their business. These
process and batch manufacturers manage
their business more profitably from order-to-cash through build-to-ship.
We look forward to arming the rest of the world’s
For more details, please see the press release we issued
Posted on Wed, March 2, 2016
by Barney Beal filed under