What is New Generation Software?
New Generation Software, Inc. (NGS) is a specialized developer of query, reporting, and analytics solutions tailored specifically for the IBM i (iSeries, AS/400) environment. The company's flagship offering, NGS-IQ, empowers a diverse range of users—from senior executives to IT professionals—to generate complex production reports, graphical visualizations, and OLAP models without the need for traditional programming. Beyond its core analytics capabilities, NGS provides the Concert Series, a modular financial management suite encompassing General Ledger, Accounts Payable, and Accounts Receivable modules. As a long-term IBM Business Partner, NGS maintains a deep integration with the IBM Power community, providing essential tools that bridge the gap between legacy data management and modern business intelligence requirements.
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?
With the successful acquisition of this latest capital, NGS is poised to deepen its strategic focus on enhancing the interoperability of its software suite within modern hybrid cloud environments. The company is expected to leverage these resources to refine its data visualization capabilities and expand its support infrastructure, ensuring that its client base—ranging from healthcare providers to government agencies—remains at the forefront of operational efficiency. By continuing to foster its robust network of independent software vendors and IBM solution providers, NGS is set to maintain its competitive edge in the enterprise software market, focusing on scalability and the seamless modernization of IBM i-based business processes.
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