Pilgrim Software is a rapidly growing and profitable private software company that has developed, a proprietary Enterprise Quality Management (EQMÔ) software solution for managing the product quality life-cycle within manufacturing and the supply chain. EQM enables large, multi-site companies to meet and exceed internal and external quality standards through a single enterprise-wide software application. Pilgrim’s modular, yet fully integrated software suite – Q&MISÒ (Quality & Manufacturing Integrated System) – provides organizations the ability to implement a highly flexible and scalable solution to support enterprise quality management efforts. Pilgrim has successfully sold it’s software to over 150 client companies and currently has approximately 350 site installations.
$2.15M Series A Preferred Stock
The undersigned acted as the exclusive placement agent to Pilgrim Software for this private equity transaction.