PLEX SYSTEMS GETS $30M
Plex Systems, which markets cloud-based manufacturing software, has raised $30 million in a venture capital investment. The funds were provided by Accel Partners. The company said the investment would support development of its cloud technology, which encompasses ERP, manufacturing execution, quality management, supply chain management and business intelligence.
Accel gets a seat on the Plex board of directors, joining Francisco Partners, which acquired Plex Systems earlier this year. The most recent product release from Plex was IntelliPlex, a business-intelligence application incorporated in Plex Online.
