Plex Receives $30 Million in Venture Capital
March 1, 2013Plex Systems, Auburn Hills, MI, provider of Plex Online cloud-based ERP services, has received a $30-million strategic investment from venture-capital and growth-equity firm Accel Partners. Says Accel partner Sameer Gandhi: “Plex Systems represents an opportunity to help move a highly complex and diverse industry—manufacturing—to the next computing platform, based in the cloud. We believe the manufacturing ERP market represents at least a $5-billion opportunity, and that less than 10 percent of the market has transitioned to SaaS so far.”
See also: Plex Systems, Inc.
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