State College-based Blue Mountain Quality Resources, a developer of enterprise asset management products and services for the Life Sciences industry, recently received growth investment from Accel-KKR, a leading technology-focused investment firm.
The amount of the investment was not disclosed.
“This investment from Accel-KKR will accelerate our mission of providing Life Sciences companies with best-in-class functionality to ensure GMP compliance and productivity are achieved,” Jim Erickson, Blue Mountain founder and president, said. “It will enable us to provide the most comprehensive suite of functionality to our customers, whether they are global players or innovative disruptors.”
The Blue Mountain Regulatory Asset Manager software integrates maintenance operations with calibration management, enabling companies to enforce Good Manufacturing Practice compliance and maximize productivity and profitability.
The company’s clients include firms developing complex medical technologies and life-saving treatments. The software enables lifecycle management of assets, workflow automation, and other key functionality to help these firms bring life-saving treatments to market.
“We are thrilled to welcome Blue Mountain to the Accel-KKR portfolio,” said Phil Cunningham, operating executive and AKKR’s Emerging Buyout Partners fund lead. “Blue Mountain embodies the kind of business that we believe in and back wholeheartedly: mission-critical software led by a management team with deep industry knowledge. We look forward to growing with Blue Mountain to ultimately help their clients bring vital drugs, therapies, medical diagnostics, and devices to market in the safest, most cost-competitive, and efficient manner.”