Plex Receives $30 Million in Venture Capital

March 1, 2013

Plex 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.

Technologies: Management

Comments

Must be logged in to post a comment.
There are no comments posted.

Related Articles

Subscribe to the Newsletter

Start receiving newsletters.