Banner
News

Enmark secures significant growth capital from software investor Accel-KKR

November 16, 2021 - Enmark Systems Inc., Ann Arbor, Michigan, announced that it has received a significant growth investment from Accel-KKR, Menlo Park, California, a technology-focused private equity firm. Effective immediately, Grant Stanis is named the CEO of Enmark Systems, succeeding President and Owner Michael Rybicki, who will continue to provide strategic direction as Enmark’s CTO.

Enmark's flagship offering, ENITEO, is a purpose-built ERP software tailored specifically for metal service centers, an estimated $45.6 billion revenue industry by industry media Metal Center News. The cloud-based ENITEO was launched in late 2004 and has since become the most 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. Enmark has been named No. 1 among ERP systems and nesting software by Metal Center News.

With the ENITEO software platform, service center managers can 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.

"With this announcement, we have reached an important milestone in our company's history," said Michael Rybicki, Owner & President of Enmark Systems. "Metal service centers have unique needs that traditional ERP systems don't address well, such as complex inventory and high price sensitivity. Enmark was founded 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."

Grant Stanis, incoming CEO of Enmark Systems 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."

Grant is a SaaS software veteran with deep experience in growing software and IT-enabled businesses. Grant joins Enmark from another manufacturing specialty software provider, FPX, that during his tenure completed a major technology modernization project. Prior to his time in the software industry, Grant worked for several years at PwC where he focused on helping software companies expand their product offerings through M&A.

"We are excited to partner with Enmark," said Phil Cunningham, Operating Executive and the lead for AKKR's Emerging Buyout Partners fund. "Enmark provides mission-critical software for clients, who in turn play a vital role in the broader economy. We congratulate Michael for having the vision to build something as special and powerful as Enmark. We look forward to bringing our share of software expertise and resources to support Grant and the entire Enmark team on this next phase of growth and transformation."

Cowen & Company served as financial advisor to Enmark.

LATEST ISSUE 
MM Cover0917 digital

vert-current-linewhiteNOVEMBER 2021

FU+URE IS NOW

A race car roll cage, prefab housing, yachts and satellite launchers are among the most promising applications for AM technologies.

>VERTICAL SCROLL DIGITAL EDITION

tampa steel

MM-330-x-285-Element.jpg

SMU 330x100 Training

Enmark 333x100 Banner

Modern Metals on Twitter

Instagram - @ModernMetalsMag

Banner

Company Profiles

AIR FILTRATION

DEBURRING/FINISHING

NESTING SOFTWARE

SOFTWARE

Camfil APC - Equipment ATI Industrial Automation Metamation Inc. 4GL Solutions
Camfil APC - Replacement Filters Lissmac Corp.

PLASMA TECHNOLOGY

Enmark Systems Inc.

ALUMINUM

Osborn Messer Cutting Systems Inc. Lantek Systems Inc.
Richardson Metals, Inc. Supermax Tools

PLATE

SigmaTEK Systems LLC

BEVELING

Timesavers Churchill Steel Plate

STAINLESS STEEL

Steelmax Tools LLC

IRONWORKERS

Peddinghaus Heyco Metals

COIL PROCESSING

Trilogy Machinery Inc.

PLATE & ANGLE ROLLS

STEEL

Braner USA Inc.

LASER TECHNOLOGY

Trilogy Machinery Inc. Alliance Steel
Burghardt + Schmidt Group AMADA AMERICA Inc.

PRESS BRAKE TOOLING

North American Steel Alliance
Butech Bliss MC Machinery Systems Inc. Rolleri USA

TITANIUM

Red Bud Industries TRUMPF Inc.

PRESS BRAKES

STS Metals
The Bradbury Group

MATERIAL HANDLING

MC Machinery Systems Inc.

TUBE & PIPE

Tishken Fehr Warehouse Solutions Inc.

PUNCHING

BLM Group

CONVEYOR SYSTEMS

Steel Storage Systems Hougen Manufacturing Prudential Stainless & Alloys
Mayfran International UFP Industrial

SAWING

WATERJET TECHNOLOGY

COPPER & BRASS

MEASUREMENT & QUALITY CONTROL

Advanced Machine & Engineering Barton International
Concast Metal Products Co. Advanced Gauging Technologies Behringer Saws Inc. Flow International Corporation
Copper and Brass Servicenter Association

METAL FABRICATING MACHINERY

Cosen Saws Jet Edge Waterjet Systems
Farmers Copper Cincinnati Inc. DoALL Sawing Products

ZINC

 

LVD Strippit HE&M Saw Jarden Zinc Products

 

Scotchman Industries Savage Saws

 

 

Trilogy Machinery Inc.

SERVICE CENTERS

 

 

 

Admiral Steel

 

 

 

Alliance Steel

 


BPA_WW_MASTER.jpg