Visiprise, a developer of electronics manufacturing solutions, is merging with HMS Software and also is securing $32 million in new financing.
The merged company will operate under the name Visiprise and will be led by Sean McCloskey, the Visiprise chief executive officer.
The merger is expected to close in November.
Venture Wire reported Monday that $16 million of the funding came in a Series D round.
“The combined footprint of the two companies provides a single source for manufacturers that require an integrated manufacturing environment,” Visiprise said in a statement.
The new financing comes primarily from Investor Growth Capital and Westbury Partners. Also participating are RRE Ventures, Morgan Stanley Venture Partners, Canaan Partners, Wheatley Partners and Entrepreneurs’ Growth Fund, all of which are current Visiprise investors.
The merged company will be based in Atlanta, have some 270 employees, and a customer base of more than 200, including BAE Systems, Boeing, Bombardier Aerospace, Celestica, ConMed, Honeywell, Lockheed Martin, Nokia Networks, and Solectron.
Visiprise: www.visiprise.com
