Qualtrax

Founded in 1993, Qualtrax operates as a provider of compliance management software for organizations in highly regulated sectors. The company originated as a subsidiary of FoxGuard Solutions before establishing itself as an independent entity. In March 2021, the firm was acquired by Ideagen, a UK-based software provider, for approximately $14.9 million. Following the acquisition, Qualtrax's Virginia office became Ideagen's US headquarters. Amy Ankrum served as the President and CEO of Qualtrax, leading the company through a $3 million Series A funding round and its subsequent acquisition by Ideagen. Her background includes over two decades in operations management, strategic planning, and business development, with a focus on go-to-market strategy in high-tech industries.

Qualtrax provides a software-as-a-service (SaaS) solution designed to help clients manage and control documentation, automate business processes, streamline training, and ensure adherence to critical industry regulations in real-time. The business serves a diverse client base across industries such as manufacturing, laboratories, energy, utilities, and aerospace. Notable clients have included Walmart, the D.C. Office of the Chief Medical Examiner, and the Colorado Bureau of Investigation. The company's revenue is generated through its software platform, which had an annualized recurring revenue of approximately $5.1 million at the time of its acquisition.

The Qualtrax platform offers a centralized database for managing documents and data related to compliance, audits, and workflows. Its core features include document control, workflow automation, audit management, testing and training management, and reporting and analytics. The software helps organizations comply with a variety of standards, such as ISO 17025, ISO 9001, TNI, and FDA regulations. The system allows for the creation of customized workflows for processes like corrective actions and internal audits. It also provides automated alerts for documentation, training, and compliance deadlines, along with role-based access and training assignments. The platform can be integrated with other business systems, including Laboratory Information Management Systems (LIMS) and Enterprise Resource Planning (ERP) systems, via its API.

Keywords: compliance management software, quality management system, QMS, regulatory compliance, document control, audit management, process automation, training management, ISO 17025 compliance, regulated industries, laboratory compliance, manufacturing compliance, FDA compliance, SaaS, workflow management, corrective and preventive actions, CAPA, risk management, environmental health safety, EHSQ