What is New Generation Software?
Founded in 1982, New Generation Software, Inc. (NGS) specializes in developing and supporting advanced query and reporting, analytics, and accounting solutions tailored for the IBM i platform. Its flagship product, NGS-IQ, empowers users across various roles—from executives to IT professionals—to generate production reports, web pages, spreadsheets, data visualizations, and OLAP models 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 strong relationships with IBM and numerous independent software vendors and solution providers, underscoring its deep integration within the IBM Power ecosystem. The company's solutions are utilized by a diverse clientele, ranging from Fortune 500 enterprises to small businesses, non-profits, and government agencies across all major industries and geographies.
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
Undisclosed Investor
An undisclosed investor participated in this funding round, contributing to the company's strategic investment initiative.
Undisclosed Investor
Another undisclosed entity has provided capital as part of New Generation Software's large-scale late-stage funding, signaling confidence in the company's market position.
What's next for New Generation Software?
With the recent major strategic investment, New Generation Software is poised to accelerate its growth trajectory. This significant backing, within the context of large-scale late-stage funding, suggests a focus on scaling operations, enhancing product development for its IBM i-centric analytics and accounting software, and potentially expanding its market reach. The company's established presence and strong partnerships within the IBM ecosystem provide a solid foundation for leveraging this new capital to further solidify its position as a leading provider of specialized business solutions.
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