![]() ![]() Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. and internationally and is used herein with permission. GARTNER is a registered trademark and service mark of Gartner, Inc. Gartner, Critical Capabilities for Manufacturing Execution Systems, By Rick Franzosa, Christian Hestermann, Published 10 July 2023 We are thrilled to partner with the Parsec team and help the company reach its vision.” “Parsec’s mission criticality and core value proposition are evidenced by the company’s high customer satisfaction, strong retention, and superior product platform. “Manufacturers are increasingly embracing digitalization, which relies on high-quality data produced and synthesized on a plant floor,” said Rob Arditi, BVP Forge Partner. “We see a clear and compelling opportunity to help accelerate the company’s success and build on its vision.” “We are very impressed with Parsec’s unique technology, customer impact, and track-record of profitable growth,” said Brian Cramer, BVP Forge Operating Partner. In the recently published Gartner® 2023 Critical Capabilities for Manufacturing Execution Systems, Parsec ranked the highest amongst all included MES vendors in 3 of 4 Gartner Use Cases-Continuous Process Manufacturing, Batch/Repetitive Flow Manufacturing, and Highly Regulated Industries. BVP Forge will also provide Parsec access to the renowned growth IP, talent network, and roadmap insights of Bessemer Venture Partners, which has decades of experience scaling enterprise companies into market leaders. ![]() The synergy of Parsec's deep-rooted manufacturing operations management expertise with BVP Forge's considerable resources ignites great excitement for our future.”īVP Forge will bring its business building program, ForgeEdge™, to help Parsec scale its platform, accelerate growth, and maximize customer impact. As an innovation-focused and profitable company, we realized the vast potential of an alliance with BVP Forge to expedite our vision and enhance customer impact. Parsec doesn’t just help businesses reach their goals it helps them redefine what's possible, carving out a path to a more efficient, productive, and sustainable future.Įddy Azad, founder & CEO of Parsec, shared, “TrakSYS's unparalleled functionality and user experience have allowed us to disrupt legacy market products. Among Parsec’s globally-esteemed customers are industry heavyweights such as AB InBev, AkzoNobel, AstraZeneca, Beiersdorf, DuPont, Johnson & Johnson, and Eli Lilly. It serves a variety of sectors, from automotive and chemical to food & beverage, life sciences, and packaged goods. TrakSYS enjoys a trusted position in thousands of factories in more than 100 countries. Its TrakSYS™ software platform demystifies manufacturing operations, providing users with heightened visibility, profound insights, and superior control-indispensable factors for success in their rapidly-evolving industrial landscape. ![]() Parsec forms dynamic partnerships with manufacturing entities worldwide, sparking pivotal transformations to boost efficiency and drive their ongoing enhancement goals. ANAHEIM, Calif.-( BUSINESS WIRE)-Today, Parsec Automation Corp, a trailblazer in Manufacturing Operations Management (MOM) software, announced a major recapitalization led by BVP Forge, designed to fuel future growth. ![]()
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