Ann Arbor, Mich.-based Enmark has secured growth capital from Accel-KKR Investment, a technology-focused private equity firm and software investor in Menlo Park, Calif. Enmark Systems, Inc. develops ERP software for metal service centers, including the award-winning ENITEO.
Effective immediately, Grant Stanis is named CEO of Enmark Systems, succeeding President and Owner Michael Rybicki, who will continue to provide strategic direction as Enmark’s CTO. Stanis is a SaaS software veteran with experience in growing software and IT-enabled businesses.
“With this announcement, we have reached an important milestone in our company’s history,” said Rybicki. “Metal service centers have unique needs that traditional ERP systems don’t address well, such as complex inventory and high price sensitivity. I founded Enmark in 1983 to specifically address these needs and deliver a powerful solution for our clients. Today, Enmark and ENITEO is the software of choice for metal service centers. I couldn’t be prouder of what we have accomplished, and am very excited for Grant and the entire team for the opportunities that lie ahead.”
Stanis commented, “This investment from Accel-KKR heralds the next chapter of growth for Enmark and our employees, and for continued innovation and value for our customers. Efficiency, accuracy and speed are vital to our customers due to the margin-sensitive nature of their businesses, and Enmark has built a name for listening to customers, delivering and exceeding customer expectations in terms of solutions and service. We intend to stay close to what makes us successful while tapping into AKKR’s support to accelerate investments in customer success, product innovation and strategic acquisitions. I am grateful for the confidence placed in me by Michael and the board, and I can’t wait to get started.”
Enmark’s flagship offering, ENITEO, is a purpose-built ERP software tailored specifically for metal service centers. The cloud-based ENITEO was launched in late 2004 and has since become a widely adopted ERP, pricing and inventory software platform for the metal service center industry. ENITEO utilizes advanced technology, including barcode scanning, touch-screen shop floor and Microsoft Cloud services.
The ENITEO software platform allows service center managers to 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.