Compliance Software Industry Leader Qualtrax Inc. Announces Equity Investment to Accelerate Growth
BLACKSBURG, Va., Jan. 10, 2017 /PRNewswire/ -- Qualtrax, Inc., a leading provider of compliance software solutions, today announced the completion of a major growth equity investment. The new capital will be used to further accelerate the company's strong track record of growth, with a focus on investing in sales and marketing, continued product innovation and expansion into new markets. The mulit-million dollar investment was led by Common Wealth Growth, Lyden Capital, and other existing investors.
"This is an amazing opportunity for the company and our customers," Amy Ankrum, Qualtrax chief executive officer said. "This growth investment will help us continue to add new value to our clients and strengthen our service capabilities."
Qualtrax provides companies and accrediting bodies with a complete compliance management solution to streamline and simplify accreditation, document, and process management, as well as testing, training, and integrations. The company's client base, which has demonstrated best-in-class retention rates, spans organizations across a wide range of industries around the world.
"This investment will allow us to support a growing number of businesses that increasingly find themselves under heavy compliance burdens," Ryan Hagan, Qualtrax chief operating officer said. "There is a better way to manage compliance and Qualtrax's solutions allow organizations to focus on making critical contributions to society, from ensuring justice to providing reliable power generation."
Qualtrax will use the investment to further build out its global sales and marketing team, which is focused on expanding worldwide in its target industries including laboratories, manufacturing, utilities, and others who find themselves under heavy compliance and workforce training pressure. "We focus on hiring top performers who live our core values. Today we have a team that embraces a results-oriented approach to drive continuous improvement and increased market share, and we'll continue to grow with that approach in mind," Ankrum added.
Companies searching for a better way to manage compliance and workforce training pressures are encouraged to visit qualtrax.com.
About Qualtrax
Founded in 1993, Qualtrax is a powerful document control tool that has expanded to be much more. Now a true compliance software package, Qualtrax works with companies worldwide to assist them with achieving compliance goals. This includes not only managing documentation, but automating key business processes, streamlining training management, and ensuring critical industry regulations are addressed. Learn more at qualtrax.com.
Contact: Amy Ankrum, Qualtrax, (540) 260-9961, [email protected]
SOURCE Qualtrax
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