Enmark Systems Inc., an Ann Arbor developer of software for the metal service center industry, has received a “significant growth investment” from Accel-KKR in California, a technology-focused private equity firm. The amount of the investment was not disclosed.
The company also announced that Grant Stanis has been named CEO of Enmark Systems, succeeding owner and president Michael Rybicki who will continue to provide strategic direction as chief technology officer.
Enmark’s flagship offering, ENITEO, is a purpose-built ERP software tailored specifically for metal service centers — part of an estimated $45.6 billion revenue industry.
The cloud based ENITEO was launched in late 2004 and has since become the most widely adopted ERP, pricing, and inventory software platform for the metal service center industry, according to the company.
It utilizes advanced technology, including barcode scanning, touch-screen shop floor, and Microsoft Cloud services.
With the ENITEO software platform, service center managers can assess and manage the health of their business in real time, track key performance indicators, and study business trends.
From quoting to shipping, service center sales teams can provide price and inventory quotes in the field with speed and precision, thereby driving sales, protecting margins while improving the overall customer experience.
An integrated accounting module automates the flow of information from commercial transactions to accounting and financial systems, eliminating double entry and ensuring accuracy and speed to invoice. Orders flow directly from commercial to shop floor stations to facilitate smooth work order and provide shop floor supervisors with advanced production controls.
“With this announcement, we have reached an important milestone in our company’s history,” says Rybicki. “Metal service centers have unique needs that traditional ERP systems don’t address well, such as complex inventory and high price sensitivity. Enmark was founded in 1983 to specifically address these needs and deliver a powerful solution for our clients.
Stanis, a software as service veteran with experience in software and IT-enabled businesses, joins Enmark from FPX, another manufacturing specialty software provider.
“We are excited to partner with Enmark,” says Phil Cunningham, operating executive and the lead for AKKR’s Emerging Buyout Partners fund. “Enmark provides mission-critical software for clients, who in turn play a vital role in the broader economy.”
