ATLANTA (January 28, 2005) — Invistics, developer of manufacturing performance
management software, announced today that it has raised an additional $5 million in a second round of funding led by current investors H.I.G. Ventures, Intersouth Partners and Imlay Investments.
“We’ve been impressed with the results Invistics and its customers have achieved thus far,” says Fred Sturgis, H.I.G. Ventures managing director. “The solution addresses supply chain issues created by highly variable environments so that manufacturers such as pharmaceutical
companies can achieve significant reductions in inventory and improve business processes.”
New funding will be used for expansion of product research and development along with
expansion of sales and marketing. The Flow Path Management System® is a manufacturing
performance management solution that allows high-mix manufacturers to apply the latest lean
manufacturing techniques to environments with constant change and significant variability.
“Changing customer demands and shorter product lifecycles put greater pressure on today’s
manufacturers to operate at a faster pace,” says Scott Geller, Invistics CEO. “Our software helps them manage the complexity so they can satisfy as many customers as possible on time with the least amount of inventory.”
Invistics is the leading provider of manufacturing performance management software designed specifically for high-mix manufacturing environments. The Flow Path Management System® helps companies analyze and improve factory performance to achieve significant reductions in inventory while responding more quickly and reliably to customer demand. Utilizing Invistics solutions, customers have achieved over 99% on-time deliveries while reducing inventory by an average of 50% and cutting cycle times by more than half. Developed by experienced manufacturing veterans and leading operations scholars, the Flow Path Management System leverages years of expertise to overcome the obstacles of implementing lean manufacturing techniques in highly complex environments.
Editors Note: Invistics, Flow Path Management System, Execution Workbench and Performance Workbench are trademarks or registered trademarks of Invistics Corporation. Any other trademarks, company and product names are recognized as proprietary to their owners.