NetSuite acquired IQity’s cloud business. The financial terms of the acquisition were not disclosed.
Founded in 2007 and headquartered in Pittsburgh, IQity Solutions joined NetSuite’s SuiteCloud Developer Network (SDN) in 2012 as a key solution partner. At the time of the acquisition, NetSuite and IQity had nearly 40 joint customers.
“As today’s manufacturers face increased global competition, rising customer expectations and digital transformation, they need modern technology solutions to enable them to adapt,” said NetSuite President Jim McGeever.
“The combination of NetSuite and IQity arms these companies with a unified, cloud-based system that extends across manufacturing, financial and commerce processes to help transform their business operations.”
Leveraging the NetSuite SDN Platform, IQity created the IQity Advanced Manufacturing SuiteApp. It provides NetSuite customers with shop floor, resource capacity planning, finite production scheduling, batch work order management, integrated quality management and advanced data collection capabilities.
By combining the strengths of NetSuite and IQity, manufacturers gain access to a modern cloud solution that can transform their business, NetSuite said in a statement.