What is New Generation Software?
Founded in 1982, New Generation Software, Inc. (NGS) specializes in developing and supporting query, reporting, analytics, and accounting solutions meticulously optimized for IBM i (iSeries, AS/400) users. Its flagship product, NGS-IQ, empowers users across different roles—from executives to IT professionals—to generate production reports, web pages, spreadsheets, and data visualizations without requiring programming expertise. The company also offers the Concert Series, a modular suite of financial software including General Ledger, Accounts Payable, and Accounts Receivable modules. NGS maintains a strong relationship with IBM and is an active IBM Business Partner, fostering robust connections with independent software vendors and solution providers within the IBM Power community.
How much funding has New Generation Software raised?
New Generation Software has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in New Generation Software
PPP
Public-Private Partnership
What's next for New Generation Software?
The recent large-scale, late-stage funding, framed as a major strategic investment, positions New Generation Software for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its NGS-IQ and Concert Series offerings, potentially enabling NGS to broaden its reach into new markets or enhance its existing capabilities to meet evolving client demands. The company's established track record and strategic partnerships suggest a trajectory focused on solidifying its leadership in the IBM i software solutions sector, with an emphasis on innovation and continued support for its dedicated user base.
See full New Generation Software company page
