NetSuite’s Acquisition of IQity's Cloud Business Adds Deep Next Generation Manufacturing Capabilities to Their Cloud ERP

NetSuite Inc., a leading provider of cloud-based financials / ERP and omnichannel commerce software suites, announced that it has acquired IQity's cloud business. The financial terms of the acquisition were not disclosed.

This acquisition extends NetSuite's cloud ERP position and reportedly creates a single cloud software system that meets the needs of both discrete and batch process manufacturers of all sizes with the ERP power to run their core business operations. According to the press release, the combined strengths of NetSuite and IQity's deep domain experience can enable manufacturers to manage their business more profitably from order-to-cash through build-to-ship, help them to achieve overall operational excellence, take control of supply chain processes, and improve business value, while reducing operating costs and IT overhead.

Founded in 2007 and headquartered in Pittsburgh, Pennsylvania, IQity Solutions joined NetSuite's SuiteCloud Developer Network (SDN) in 2012 as a key solution partner. Leveraging the NetSuite SDN Platform, IQity created the IQity Advanced Manufacturing SuiteApp—natively built on the NetSuite platform—providing NetSuite customers with shop floor, resource capacity planning, finite production scheduling, batch work order management, integrated quality management, and advanced data collection capabilities to track actual production results, equipment utilization, labor productivity, downtime, rework and more.

At the time of the acquisition, NetSuite and IQity had nearly 40 joint customers.

Keywords: Manufacturers, Operational Efficiency, Discrete Manufacturers, Batch Process Manufacturers, Cloud ERP, ARC Advisory Group.