Parsec Automation, an Anaheim, CA-based Manufacturing Operations Management software provider, announced a major recapitalization led by BVP Forge.
The amount of the deal was not disclosed.
Led by Eddy Azad, founder & CEO, Parsec forms dynamic partnerships with manufacturing entities worldwide, sparking pivotal transformations to boost efficiency and drive their ongoing enhancement goals. Its TrakSYS™ software platform demystifies manufacturing operations, providing users with heightened visibility, insights, and control.
TrakSYS is used in thousands of factories in more than 100 countries. It serves a variety of sectors, from automotive and chemical to food & beverage, life sciences, and packaged goods. Customers include AB InBev, AkzoNobel, AstraZeneca, Beiersdorf, DuPont, Johnson & Johnson, and Eli Lilly.
BVP Forge will bring its business building program, ForgeEdge™, to help Parsec scale its platform, accelerate growth, and maximize customer impact.
